Fiat money enables a government and the private bankers empowered by the central bank to create new money via debt considerable in fact unlimited ability to debase the savings of all citizens. Its a budgetary trick only the bankers and governments enjoy under fiat.
Fiat money enables a government and the private bankers empowered by the central bank to create new money via debt considerable in fact unlimited ability to debase the savings of all citizens.
Its a budgetary trick only the bankers and governments enjoy under fiat.