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| | Fiat money - Wikipedia, the free encyclopedia |
 | | Advocates of "debt-free money" argue that money which requires the issuing of central bank debt is a burden on the public. | | | The relation of fiat money, usury, debt interest, and commodity money is complex and must usually be established in a political economy as a whole. | | | On this view, all paper and credit money is backed by the assets of the entity that issued it--usually by the gold and bonds of the central bank or the tax collecting ability of the government that issued it. |
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http://en.wikipedia.org/wiki/Fiat_currency
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| | Money - Wikipedia, the free encyclopedia |
| | This characteristic allows money to be a standard of deferred payment, i.e., a tool for the payment of debt. | | | Money is one of the most central topics studied in economics and forms its most cogent link to finance. | | | When using money substitutes in such a way as to leave a financial record of the transaction, the most common methods are checks, debit cards, credit cards, and digital cash. |
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http://en.wikipedia.org/wiki/Money
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| | History of Fiat Money |
| | In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. | | | Fiat currencies reign worldwide leading to huge economic imbalances from country to country and was of the major contributing factors to the beginning of WW2. | | | The purchase of The US Mint in Philadelphia, was the first money appropriated by Congress for a building to be used for a public purpose. |
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http://www.ldusa.com/roger/fiat.htm
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| | Fiat Money |
| | Chinese government paper money was then issued in 1131 AD to finance military spending and soon afterwards official paper issue started in earnest. | | | private individuals were permitted to coin money, or, what is the same thing, they were accorded the right to require the government to turn their bullion into money, free of taxation, loss, or expense. | | | This brief treatment of the history of money reinforces that gold is simply not practicable as a universal money, but that it operates as an occasional money for rich trading societies, and more commonly as an agent of transfer during periods of currency implosion - whether hyperinflationary, political, or military. |
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http://www.baldwintrustgroup.org/Money/fiat_money.htm
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| | All About Money - Print Version |
| | The generation of fiat money, which is produced without work—how much more work is involved in producing a $100 bill as opposed to a $1 dollar bill?—dilutes that which has been saved and that which has been promised for future payment. | | | With commodity money, money is defined as a quantity of a commodity. | | | With fiat money, job security is impacted by rapidly changing interest and foreign exchange rates, and less of a propensity to save and invest for the long term. |
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http://www.gold-eagle.com/editorials_01/parks021701pv.html
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| | Monetary History Glossary |
| | Bank notes used as money to finance transactions (pay for things) which are not "backed" by a valuable commodity like gold or silver which could be exchanged against the note at a bank. | | | There are many definitions of the money stock, but they all include the monetary base, and add bank deposits of various flavors. | | | This ratio is defined as deposits the public has made in the national banking system as a whole divided by currency in the hands of the public. |
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http://www.micheloud.com/FXM/MH/Glossary.htm
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| | What Has Government Done to Our Money? Fluctuating Fiat Currencies, March 1973 -? |
| | Before the dollar was cut loose from gold, keynesians and Friedmanites, each in their own way devoted to fiat paper money, confidently predicted that when fiat money was established, the market price of gold would fall promptly to its non-monetary level, then estimated at about $8 an ounce. | | | The long fun problem is that the hard money countries will not sit by forever and watch their currencies become more expensive and their exports hurt for the benefit of their American competitors. | | | The Friedmanite dream of fluctuating fiat money lies in ashes, and there is an understandable yearning to return to an international money with fixed exchange rates. |
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http://www.mises.org/money/4s9.asp
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| | Fiat Money Systems |
| | There has been an unprecedented amount of debt and credit extended, far in excess of anything we have seen in prior fiat money systems, and the eventual result will be defaults, deflation, and depression. | | | It is the same with money and credit and the Fed. They lower rates and lower rates; stores provide financing with no money down and no payments until January 2006; car companies provide money back, etc. etc. | | | Gold and gold stocks can be more volatile than any asset class; particularly at a time when fiat currencies are on their last legs. |
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http://www.gold-eagle.com/editorials_04/greene032104.html
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| | The Danger From our Fraudulent Fiat Money: - Gold & Silver Forum |
| | Fiat money is money that is created out of nothing and without any work, usually by banks or central banks. | | | As a not-for-profit foundation dedicated to full and honest disclosure about the perils of our fraudulent fiat money monetary system and the benefits of honest monetary weights and measures, FAME is uniquely positioned to execute this strategy. | | | As people begin to be concerned about the public policy issues associated with our fraudulent fiat money, the media will perceive that money is an issue, and politicians will begin to address it. |
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http://goldismoney.info/forums/showthread.php?s=&threadid=2870
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| | fiat money on Encyclopedia.com |
| | The circulation of fiat money may lead to inflation, whereas money redeemable in gold or other securities is held much less likely to do so. | | | Under conditions of proper monetary management, however, fiat paper money can be a stable currency. | | | Stable prices, money, and the cost of living.(Macroeconomic Design) |
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http://www.encyclopedia.com/html/f1/fiatmone.asp
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| | Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap |
| | Money is 'net wealth' in the limited sense that, after consolidation of the intertemporal budget constraints of the private and public sectors, the present value of the terminal money stock remains a component of comprehensive household wealth. | | | The Paper provides a formalization of the monetary economics folk proposition that government fiat money is an asset of the holder (the private sector) but not a liability of the issuer (the state). | | | The issuance of irredeemable fiat money can therefore affect consumption demand through a weak 'real balance or Pigou effect', if it can alter the present value of the terminal stock of money. |
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http://ideas.repec.org/p/cpr/ceprdp/4202.html
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| | [No title] |
| | Unlike the commodity money on which our nation was built, fiat money consists of worthless coins with little or no precious metal in them (if melted down, they would not be worth their face value), and of paper currency that cannot be redeemed for gold or silver and is, in fact, backed by absolutely nothing. | | | Considering that the cost of printing paper money is minimal, the federal government makes an enormous windfall profit whenever it places new bills in circulation. | | | ...the large amount of soft money given to both parties by various industries and the aggregate amount of tax breaks those industries received. |
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http://www.fdungan.com/money.htm
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| | Y2K Fiat Money |
| | The power of arbitrarily printing money at the hands of government was one of the powers that was severely limited by the Constitution (now generally ignored). | | | Thirty-five years or so ago I learned "money and banking" from an Argentine inflation victim, and that has given me some rare insight on these issues. | | | When coin was precious metal, inflation was generally held in check, however, supply and demand make the value of money fluctuate like that of any other commodity. |
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http://www.dixiebiz.com/y2Kfiat.htm
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| | Foldvary: Iraq: Avoid Fiat Money! |
| | In contrast, with fiat money, inflation benefits the government chiefs as a tax on money holdings, easier to impose than taxes on income or sales. | | | The unit of account of the money would thus be the post. | | | Essentially, fiat money has no cost of production. |
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http://www.progress.org/2003/fold296.htm
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| | Assignats -- Fiat Money Inflation in France |
| | The story of "Fiat Money Inflation in France" is one of great interest to legislators, to economic students, and to all business and thinking men. | | | And now was seen, taking possession of the nation, that idea which developed so easily out of the fiat money system;--the idea that the ordinary needs of government may be legitimately met wholly by the means of paper currency;--that taxes may be dispensed with. | | | The French are naturally thrifty; but, with such masses of money and with such uncertainty as to its future value, the ordinary motives for saving and care diminished, And a loose luxury spread throughout the country. |
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http://www.usagold.com/gildedopinion/assignats.html
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| | EconPapers: Fiat Money, Intrinsic Properties, and Government Transaction Policy |
| | Fiat Money, Intrinsic Properties, and Government Transaction Policy | | | In order to do this, we take a model of commodity money in which fiat money does not play any significant role and modify it to examine under which circumstances fiat money might come to circulate as medium of exchange. | | | EconPapers: Fiat Money, Intrinsic Properties, and Government Transaction Policy |
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http://econpapers.repec.org/paper/upfupfgen/504.htm
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| | Reading List |
| | FAME, gold, Greenspan, Larry Parks, gold as money, money, fiat money, fraud, Federal Reserve, Foundation for the Advancement of Monetary Education, honest money, fight for honest monetary weights and measures, banking, systemic risk, pensions, labor, unions, inflation, deflation, currency, IMF, social justice, economic justice, union power, lender of last resort, FDIC, campaign finance reform | | | To Regulate The Value Of Money: Analysis Of Power Of Government To Create And Set A Value Of Money | | | Since that time, Americans and others all over the world have been dumbed down on the money issue. |
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http://www.fame.org/ReadingList.asp
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| | MSN Encarta - Dictionary - fiat money |
| | money decreed by government: paper money that a government declares to be legal tender although it is not based on or convertible into coins and therefore depends on government decree to determine its value | | | Search for "fiat money" in all of MSN Encarta | | | Click here to search all of MSN Encarta |
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http://encarta.msn.com/encnet/features/dictionary/DictionaryResults.aspx?refid=1861690241
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| | Fiat Money |
| | Most of the world's paper money is fiat money. | | | Money that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. |
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http://www.investopedia.com/terms/f/fiatmoney.asp
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