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 ...

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 ...

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 ...

making them more accessible and efficient. In recent years, central banks globally have explored the concept of central bank digital currencies (CBDCs) as the next phase of fiat money evolution.

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 ...

Electric vehicles have reshaped the way we think about driving costs, making fuel ... car roots with a thoroughly efficient electric powertrain. The first electric Fiat 500 was far from a runaway ...

“CBDCs were conceived as a technological breakthrough, but so far they look like expensive imitations of existing traditional fiat currencies ... for increasing the efficiency of internal ...

Fiat money is a form of government-issued currency that does not have intrinsic value and is not backed by a physical commodity such as gold. Fiat money has been around for centuries, but its use ...