fiat money
Paul Sheard explains what money is and how governments, commercial banks, and central banks create it and influence its creation.
The documentary film Money for Nothing: Inside the Federal Reserve is a critical evaluation of the policies pursued by the US Federal Reserve over the years. Released in the United States in 2013 and set amid the context of the global financial crisis, it explores what has become a rather familiar paradox: more debt is both the problem and the solution in pursuing economic growth.
Suddenly gold is being proposed as a cure-all for the weakening dollar, allowing it to retain its place as the international reserve currency — a trophy taken, not without a fight, from the British pound at the READ MORE ›
A debate between those advocating for a fiat money supply and those advocating for a gold standard has been raging for nearly a century. It's time to reframe this debate.