Forbes contributors publish independent expert analyses and insights. I apply unconventional logic to economic issues. In 1973, the Nixon administration eliminated the last vestiges of the Bretton ...

Fiat money is a government-issued currency ... It also has excellent seigniorage. It's more cost-efficient to produce than a currency that's directly tied to a commodity. The mortgage crisis ...

Cost-efficient to produce ... a key factor in uplifting and bringing stability back to the economy. Since Fiat money is not backed by a commodity, the government can control more variables ...

Definition: Fiat currency is a form of money ... When rapid inflation occurred due to the high costs of the Seven Years’ War, paper money lost nearly all its value in an event that could be ...

As inflation rose and became more variable, people began acquiring gold and silver coins and bullion for hedging against fiat money regimes. Friedman to his credit was alert to the resource costs ...

Smaller companies have a much harder time justifying lobbying costs as it’s a much larger ... Thus, with little progress and slightly better efficiency, the large Cantillon-winning company uses the ...