Sentences with phrase «fiat money system»

A clear sign of the decline in the dollar's purchasing power since the move into a pure fiat money system.

In traditional fiat money systems, governments simply print more money when they need to.

In a fiscal emergency, especially under fiat money systems, formerly independent central banks tend to lose their independence and begin printing money to pay the government's bills, more money than is consistent with low inflation.

In the end, this is going to lead to the implementation of another monetary architecture — only I fear it will be another type of fiat money system, probably an even more centralized one than is now in place.

Cryptocurrencies are the answer to our dying debt based fiat money system.

Due to continual monetary inflation in the fiat money system and the «survivor bias» inherent in stock market index construction, nominal stock prices are rising 67 % of the time.

So ask yourself, how can you effectively hedge against a fiat money system with another type of fiat money?

Only one entity can create new reserves on net in a fiat money system with a central bank: the central bank.

Sure, a fiat money system where central banks can and do literally print money at will has its weaknesses.

Yes, the markets have failed because we let the credit creation inherent in a fiat money system run out of control.

In a fiat money system, control of credit is the key thing.

These abnormal periods happen every 40 - 80 years whether we like it or not, once we forget the lessons of building up too much leverage under a fiat money system.

I agree with you: people who believe in hard money would look at a fiat money system like this and go, «Well this can't survive» — but it has.

So long as you are in a fiat money system, in a bailout, the job of the government is to prevent contagion and minimize loss, in that order.

The major source of economic inflation is today's fiat money system.

1) A fiat money system can not control inflation without controlling credit.