Before this question is answered, it is important to understand what the proper ‘supply’ of money means. As many Western economists incorrectly point out, the benefits of fiat currency is the ability to for the money supply to ‘expand’ or ‘grow’. Many sorts of criteria have been put forward: that money should move in accordance [...]

Why in modern times is Fiat and not Gold the currency in use? There is little to describe in terms of the benefits of paper currencies, apart from mentioning the obvious fact that they are the dominant mode of exchange for all nations in the world. This sometime skews the view of an individual to [...]