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  • Advantages of Fiat Currency?

    Hey Mises Community members, I'm back with another question. I've been trying to figure out why we have a fiat currency system. There is a ton of information on the 'net about the DISadvantages of fiat currency, but few resources that address its advantages. The best I've found so far...
    Posted to Economics Questions (Forum) by aelephant on Wed, Jan 12 2011
  • Consequences of Monetary Reform?

    What are the political and economic consequences that will occur, nationally and internationally, if the United States tried to end it's fiat currency policy? Also/or: How likely is reform to occur considering the democratic nature of the United States?
    Posted to Economics Questions (Forum) by djussila on Sat, Oct 2 2010
  • The Euro and the regression theorem

    It seems to me that the imposition of the Euro - which was established as a purely fiat money - puts the regression theory in perspective and possibly refutes it. If «nothing can enter into the function of a medium of exchange which was not already previously an economic good to which people assigned...
    Posted to Economics Questions (Forum) by Stateless on Tue, Nov 17 2009
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