Commodity Money Vs Fiat Money, A Unified View

When the fraction in fractional receipt money reaches zero, the fractional receipt money is then truly fiat money. Because we are on a Fiat Money system in the US today, all money is created by debt, not by work. The advantages of engaging with crypto currency have many people in favor of abolishing traditional fiat Read more about Commodity Money Vs Fiat Money, A Unified View[…]