October 26, 2009
… to the government, in exchange for one with only 90% gold content, and you’ll understand this power. Printing new money by government fiat, rather than increased deposits, is what allows a government to practice inflation of the money supply. Fiat …
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October 23, 2009
… is debatable whether the government should be the sole custodian of the money supply. The power to print money tempts governments to forget their limitations, and leads to politicians wiggling out of self-created budgetary mistakes by printing more …
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