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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