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re: Is there anyone here who supports fiat curreny/the Federal Reserve?

Posted on 2/13/14 at 12:50 pm to
Posted by LSUnKaty
Katy, TX
Member since Dec 2008
4429 posts
Posted on 2/13/14 at 12:50 pm to
quote:

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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