Fiat Money Economies Are Built on Lies

Source: Ludwig von Mises Institute
by Thorsten Polleit

“Now and then, it pays to take a step back to get a broader perspective on things, to look beyond the daily financial news, to see through the short-term ups and downs in the market to find out what is really at the heart of the matter. If we do that, we will not miss the fact that we are living in the age of fiat currencies, a world in which basically everything bears their fingerprints: the economic and financial system, politics — even people’s cultural norms, values, and morals will not escape the broader consequences of fiat currencies.” (07/20/21)