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Fiat money |
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Fiat money Nonconvertible paper moneyy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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For one thing they could buy up gold reserves cheaply using their fiat money. There will thus be penalties for countries that dilute their fiat money too much which is all of them. Fiat money is sovereign credit and sovereign bonds are sovereign debts. |
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