They fail to realize that any money a government prints is - fiat money unless there is something to back Posted: Oct 13th, 2018 - 8:27 am In Reply to: A quick Wiki search shows this theory thinks that since a - govt controls the monetary printing
it up. Fiat money's value is determined on the perception by other countries, on that money being worth some value. The U.S. dollar commands as much buying power as it does because the U.S. government, through capitalism, has built one of the most dynamic wealth engines ever conceived.
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