| A monetary regime of uncontrolled fiat money and Credit requires strict central bank regulation of lending and speculative excess. |
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| Our 58-year transfer to fiat money was clearly not authorized by the Constitution. |
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| Under the fiat money system the FED has arrogated unlimited powers to itself, namely, the power to print unlimited amounts of money. |
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| Then, add fiat money and foreign exchange controls to the mix and it's no wonder investors and the press get so mixed up. |
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| The only thing worse, in Rothbard's estimation, was fixed exchange rates based on fiat money and international coordination. |
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| Among the most gruesome consequences of fiat money, and of paper money in particular, is its ability to extend the length of wars. |
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| It poses a tangible threat to centralised banking and the guardians of fiat money. |
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| It also illustrates the broader collapse of trust that is threatening the world of global banking and fiat money. |
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| Bitcoin-boosters like to point out that, unlike fiat money, new Bitcoins cannot be created at whim. |
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| In the case of a wartime emergency, for example, the monetary authority could issue fiat money to capture seigniorage revenue. |
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| The Bretton Woods monetar y system collapsed in 1971 and since then the currencies of the major economies have remained pure fiat money. |
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| Since the adoption of fiat money approximately two centuries ago, the monetary system has undergone great change. |
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| The advent of paper fiat money in Europe marked the beginning of a new phase in the evolution of money. |
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| Yet these and other early experiments gave fiat money a deservedly bad name. |
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| The coming global financial failure may finally put an end to central bank created fiat money, and create the opportunity to return to Gold as the only secure base for money. |
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| On the other hand, they were resolutely opposed to government-issued paper money, fiat money, legal tender laws, inconvertible paper currency, and land banks. |
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| In a world of fiat money and a growing mountain of marketable securities, credit is virtually money, and certainly money is little more than credit. |
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| Samuelson concentrated on just one such asset, namely, green pieces of paper called fiat money, which provided no utility whatsoever and yet sold for a positive price. |
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| As the fiat money pyramid crumbles, gold retains its luster. |
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| Today the Fed has virtually unlimited power and the dollar is a pure fiat money. |
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| In many respects, the adoption of low inflation as the prime target of monetary policy is a domestic fiat money rule that evokes the convertibility principle that prevailed under the gold standard. |
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| With the removal of precious metals from the monetary system, banknotes evolved into pure fiat money. |
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| Legislative control of the fiat money supply is far from the ideal monetary system. |
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| This happened in a world economy based on fiat money, dollar reserves, dollar-denominated commodities and debt and a rising US dollar. |
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| In 2002, the euro was introduced as fiat money and in 2010, the Netherlands Antilles was dissolved. |
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| This tendency towards fiat money led eventually to the debasement of Roman coinage, with consequences in the later Empire. |
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| Although the mechanism differs from country to country, most use a similar mechanism based on a central bank's ability to create as much fiat money as required. |
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| A popular attitude toward fiat money among the colonists was remarkably similar to that which apparently prevails in government and financial circles today. |
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| Fiat money and floating exchange rates have since been rendered specie concerns irrelevant. |
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