Sentences with phrase «currency out of thin air»

You can't have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.»

With all due respect to Dimon, some might point out that «inventing a currency out of thin air» is how we got Federal Reserve Notes and other forms of paper money in the first place.

«You can't have a business where people can invent currencies out of thin air and think that people who are buying it are really smart.

Not exact matches

Simply put, if the Fed continues to conjure trillions of dollars out of thin air to feed the government's insatiable appetite for debt, they're risking a major currency crisis at a minimum.

The same can not be said of the U.S. dollar, or any fiat currency, which today is printed «out of thin air» with abandon.

On the plus side, most people currently holding Bitcoin will then have currency on both networks, potentially creating a vast new pool of value, seemingly out of thin air.

Fiat currency, or money that has value by government decree, has been created out of thin air by central banks around the world.

Because of this, there was essentially currency created out of thin air, but it drove both prices upwards resulting in new highs.

In an interview with Quartz, he said that fiat currency is guaranteed by a central bank, but cryptocurrencies are «created out of thin air.»

India's fiat currency, the rupee, is guaranteed by the Reserve Bank, while cryptos are created «out of thin air», he said in an interview last spring.

During the interview, when Dimon commented that cryptocurrencies are created «out of thin air» with no value, the reporter tried to point out that the same can be said of fiat currencies.