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Fiat Money as an Administrative Good
Review of Austrian Economics
Author: Yuri Kuznetsov
Online Publish Date:
Category: Money and Banking, Money and Banks
Hans-Hermann Hoppe, in his excellent article “How Is Fiat Money Possible? — or, The Devolution of Money and Credit, explained that fiat money can come into existence through the progressive degeneration of commodity money substitutes. I would like to suggest an additional scenario by which fiat money can come about, a scenario which may be useful
Fiat Money as an Administrative Good
Mises Daily
Author: Yuri Kuznetsov
Online Publish Date:
Category: Interventionism, Monetary Theory, Money and Banking, Political Theory
[From Review of Austrian Economics , 1997] Hans-Hermann Hoppe, in his excellent article “How Is Fiat Money Possible? — or, The Devolution of Money and Credit,” explained that fiat money can come into existence through the progressive degeneration of commodity money substitutes. I would like to suggest an additional scenario by which fiat money can