The Short, Unhappy Lives of Fiat Currencies

The average life expectancy of a fiat currency is only 27 years -- from Freedomain Radio, source available at http://www.fdrurl.com/fiatdeath

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News & Politics

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• Fiat
• currency
• federal
• reserve
• gold
• standard
• by
• Lew
• Rockwell
• Murray
• Rothbard
• economic
• collapse
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• market

[meberic]

What will replace them? Bitcoins.

[wreagfe]

Why is the referred site dollar days dot org marked as containing malware by Google?

[aviomaster]

Croatian university professor describes DOLLAR - USA dollar is in DEEP hyperinflation it is just a question of time when it is going to HIT

[quicktimepools]

Fractional reserve banking can work but only when regulated by the free market. Not by government regulations

[zeusvalentine]

has a currency backed by gold ever lasted?

[DMChoreographer]

@ajfelix67 then let each nation go to it's soverieng currencies, but do not let their leaders back back door deals on how to exchange it....to leverage it as a weapon.

[Hamking1]

The problem of their failures is not that these currencies are Fiat, the problem is that the BANKS backing these currencies are allowed to practice FRACTIONAL RESERVE BANKING

This is the true driving force behind inflation!

This is how they "print" more money: multiplication of the money supply through loaning constituent deposits, to make new deposits, to make new loans, to make new deposits, to make new loans, to make new deposits, and so on...It becomes a black hole no dollar can escape!

[nalejbank]

What will replace it? If the Pope has his way it will be a one world global currency that is also unbacked and paper based.

Who's payroll is he on anyway??? Maybe he's just ignorant! Either way, I will oppose him wholeheartedly!!!

[quiltmasta]

Any sustainable society will ultimately depend on some version of fiat currency. The practice of it's use in modern economies still has many things to teach us. Yes, the current system is busted but don't assume that it can't be applied in more effective way. There are 7 billion people on this planet! A reserve currency could never be sufficient for the kind of population we now have to account for.

[rockstarofredondo]

One hundred trillion dollars. LOLOLOLOLOLOLOLOLOLOLOLOLOLOLO­L

[aquapurity]

Excellent commentary. Thank you.

[ajfelix67]

The problem with any fiat currency..... is the QUANTITY that is printed. Each additional note printed brings down the value of previous notes. No wars could ever be faught if our currencies were only gold and silver...as these have to be horded as TRUE WEALTH. History is repeating itself, as it always does. How we come out of this mess is yet to be determined.....if at all. And bankers will do what ever they can to lure us in this mess again.