Eventually under a fiat currency regime the government will not be able to create sufficient demand for it to retain value, since it loses value over time and is inherently worthless.
Fiat currencies will eventually lose value entirely if they continue to be inflated. People will ‘move on’ and decide to use something else as a store of value, if they even need a store of value.
Sunday, 17 April 2011
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment