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Debate: Fiat currency
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| Revision as of 16:05, 17 November 2008 (edit) Jonathan Winterfield (Talk | contribs) (→No - +) ← Previous diff |
Revision as of 21:37, 26 November 2008 (edit) Jonathan Winterfield (Talk | contribs) (→No) Next diff → |
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| ====No==== | ====No==== | ||
| *'''Inflation can also occur in commodity backed currency.''' In commodity backed currency, hyperinflation can easily occur when a large reserve of the commodity is discovered. | *'''Inflation can also occur in commodity backed currency.''' In commodity backed currency, hyperinflation can easily occur when a large reserve of the commodity is discovered. | ||
| - | + | *'''There is no issue with well managed fiat currencies.''' If a fiat currency is well managed, there will be no risk of hyperinflation. | |
Revision as of 21:37, 26 November 2008
Should fiat currencies be eradicated? |
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Background and Context of Debate:The terms fiat currency and fiat money relate to types of currency or money whose usefulness results not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment. This debate asks if fiat-currency should be used. Some content for this introduction is taken from Fiat currency at Wikipedia. |
