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by callMEdna on December 4th, 2006

callMEdna

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Can anyone tell me some advantages of the inconvertible fiat money standard vs. the gold standard? disadvatages?

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  • by Duane Roelands on January 6th, 2007

    Duane Roelands

    The single largest difference between fiat money and gold standard money is that the government can print as much fiat money as it wants or feels it needs. This is both a blessing and a curse. While it allows the government very tight control over the money supply, it also lends itself to inflation.

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  • by Bullion_E on May 26th, 2011

    Bullion_E

    Fiat money works good for toilet paper.

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