Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...
The modern monetary system, built on fiat money, has weak foundations similar to the Leaning Tower of Pisa, risking economic instability and collapse. Historical debasement practices, like those of ...
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What is Fiat Money?

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Thanks to the Federal Reserve, the US government will always have enough printed money to fund its tyrannical schemes.
Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is government-issued currency that has no intrinsic value but holds purchasing ...
The pure fiat system is showing signs of instability as distortions in asset valuations and the value of economic output. The correlation between rising oil prices and increasing US deficits suggests ...
The last systemic or significant change in our Federal Reserve’s monetary policy occurred in 1971, when gold backing to our dollar was completely removed, and the United States transitioned to a ...
Renowned venture capitalist and influencer Naval Ravikant on Sunday described cryptocurrencies as free-market technology that would eventually replace the “socialist” fiat system. In an X post, ...
Trump’s ‘America First’ platform, which he built his successful campaign around, promised to reconfigure global trade in favour of the US. This involved encouraging businesses to manufacture ...