Fiat Money and Economic Globalization

Nonfiction, Social & Cultural Studies, Political Science
Cover of the book Fiat Money and Economic Globalization by James Constant, James Constant
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Author: James Constant ISBN: 9781301625703
Publisher: James Constant Publication: July 13, 2013
Imprint: Smashwords Edition Language: English
Author: James Constant
ISBN: 9781301625703
Publisher: James Constant
Publication: July 13, 2013
Imprint: Smashwords Edition
Language: English

Because developed states cannot balance their budgets against the natural forces of economic globalization, central banks are left printing more money to keep states alive. In effect, the role of fiat money is the creative downsizing or destruction of developed states and the transfer of power and wealth to the newly emerging undeveloped states.

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Because developed states cannot balance their budgets against the natural forces of economic globalization, central banks are left printing more money to keep states alive. In effect, the role of fiat money is the creative downsizing or destruction of developed states and the transfer of power and wealth to the newly emerging undeveloped states.

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