Sentences with phrase «debased money»

Regardless of whether it is implemented via an emperor surreptitiously reducing the precious - metal content of the coinage or by the banking system (the central bank and the commercial banks) creating new currency deposits out of nothing, monetary inflation is a method of forcibly transferring wealth from the rest of the economy to the first users of the new or debased money.

Not exact matches

It created debt that was based on fraud, leverage, and other non-productive uses of capital: it debased the value of money.

However, if print money endlessly, you debase the value of your own currency by creating a never - ending increase in supply, thereby driving the price down.

The reasons why one should sell the cat, pawn the mother - in - law, and use the proceeds to buy gold are well known: the Fed is printing money faster than you can read this, which will result in inflation; the government is borrowing like a drunken monkey, so the dollar will be devalued; this will debase all currencies, so the only thing that will save you is the shiny metal.

In general we are concerned with what appears to be an addiction to on the part of the US and EU governments to printing money, which unfortunately tends to debase their currencies.

There may be a time, Steve, in the foreseeable future, when all of us are going to be getting rid of our paper money, because it's being debased all over the world.

Furthermore, one can see the surges in bank credit accompanying these periods and tie them to specific policy moves by the authorities: The Treasury stimulated inflation in the early 1900s; the Fed deliberately inflated in the roaring 1920s to take the pressure off the British pound (which had been devalued during World War I); the Roosevelt administration took the reins off inflation by debasing the gold - content of the dollar in 1933; zealous money printing in the 1960s led to the inevitable collapse of the Bretton Woods system (and complete fiat money was born); money printing continued apace with Alan Greenspan in the 1990s and, following the dot - com crash, into the 2000s.

One of Bitcoin's greatest value propositions is its known «set in stone» monetary policy and, unlike traditional government issued fiat currencies, no person or organisation can debase the value of bitcoin by printing more money.