Browsing: fiat currency

Hyperinflation is a situation of very high, fast, and uncontrolled increases in the prices of goods and services in the…

The current monetary system brings into being an unlimited currency supply, which in extreme cases creates inflation. The invention of…

Central banks can generate a virtual currency called central bank reserves. Banks can use these reserves to transfer payments to…

My earlier articles introduced the subjects of how money is created by central banks and commercial banks, as well as…

In earlier posts, we explored the creation of money by central and commercial banks. This creation process is a carefully…

In the previous article, we discussed the establishment of The Gold Standard. Gold and silver have served as the primary…

In the last discussion, we covered how central banks evolved as a way to address the issues that arise when…

Money is considered one of the most significant creations ever made. Nevertheless, money differs from other great inventions of people…

Money is a collective belief system grounded in trust. Money is the greatest trust system devised by humans. Society collectively…

Money is a means to exchange time. It’s as a holding tank for your financial resources until you’re ready to…