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Message
re: Is there anyone here who supports fiat curreny/the Federal Reserve?
Posted on 2/13/14 at 12:18 pm to goldennugget
Posted on 2/13/14 at 12:18 pm to goldennugget
quote:
I think that a lot of the economic problems we are facing are directly related to fiat currency and the federal resevere but I am wondering if anyone here thinks that fiat currency is a good thing
Nothing is wrong with a fiat currency it actually economizes the use of a commodity, you can gain interest from banks issuing the currency etc. The problem comes into play when you when have a monopoly issuing the currency as opposed to competing firms.
1
Posted on 2/13/14 at 12:50 pm to Dalymaple
quote:I approve of this message.
Nothing is wrong with a fiat currency it actually economizes the use of a commodity, you can gain interest from banks issuing the currency etc. The problem comes into play when you when have a monopoly issuing the currency as opposed to competing firms.
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