Sentences with phrase «decided by fiat»

Not exact matches

The political message is that they — backed by wealthy bondholders and depositors — should have monetary power to decide whether or not to fund governments, whose spending should be financed by borrowing, not by fiat money creation.

Somewhere down the road gold will eventually rule the day as all the fiat currencies collapse on themselves — unless the world's major central banks suddenly get religion and decide to stop supporting their respective governments» overspending by slowing down the overheating printing presses.

Any cap or retreat from the policy of opportunity should be decided by the legislature not by administrative fiat or a legal opinion that has not been written down or presented for public discussion.

Even fiat currencies such as the US dollar and Indian rupee do not have intrinsic value, given that their valuations are decided by two major factors: the market's demand and the manipulation of supply by central authorities.