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viernes, 8 de junio de 2012

The (intentional or unintentional) purpose of policy makers is to keep the fiat-money regime going, whatever it takes


The Fiasco of Fiat Money



Today's worldwide paper-, or "fiat-," money regime is an economically and socially destructive scheme — with far-reaching and seriously harmful economic and societal consequences, effects that extend beyond what most people would imagine.
Fiat money:
  •  is inflationary; 
  • it benefits a few at the expense of many others; 
  • it causes boom-and-bust cycles; 
  • it leads to overindebtedness; 
  • it corrupts society's morals; 
  • and it will ultimately end in a depression on a grand scale.



mises.org

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