Mises Daily

The Cultural and Political Consequences of Fiat Money

Mises DailyNovember 20, 2014
Our global system of fiat moneys favors spenders and borrowers over savers. Low- and moderate-income households who wish to save for the future are at the greatest disadvantage, and this has led to profound cultural changes over the past century.

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Global Irrational Exuberance Enters a New Phase

Mises DailyNovember 19, 2014
The present global plague of asset price inflation — with its origins in Federal Reserve quantitative easing policies and featuring much irrational exuberance — is transitioning into a new phase. Some optimistic commentators suggest a benign and painless end to the plague lies ahead,...

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