All Money Is ‘Fiat Money,’ Most Money Is ‘Credit Money’
- Monday, July 5, 2021, 7:14
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There seems to be some confusion afoot about what ‘fiat monies’ are, whether the US dollar is one of them, and whether it ought or ought not to be. There is also confusion about whether ‘credit monies’ can be ‘fiat monies’ and vice versa. Let’s clear this up.
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