Quotes About Fiat Currency

#1. Here's the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar.

Michael Maloney

#2. To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states.

Milton Friedman

#3. Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today.

George Noory

#4. As long as we issue fiat currency, I see no alternative to a legal tender law.

Alan Greenspan

#5. Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match.

Alan Greenspan

#6. Many hold that by floating the dollar, Nixon converted the U.S. currency into pure "fiat money" - mere pieces of paper, intrinsically worthless, that were treated as money only because the United States government insisted that they should be.

David Graeber

#7. Dwelling on thoughts gives birth to feelings.

Sunday Adelaja

#8. Gold, unlike all other commodities, is a currency ... and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating.

Alan Greenspan

#9. What sort of moths eat chainmail?

George R R Martin

#10. The notion that we systematically adopt false beliefs to "protect the self" is illogical when you consider that whatever the mind is designed to do, it must be to get things done, not to make us happy.

Robert Kurzban

#11. It is one of the worse things you can say about somebody, they are racist.

Sean Hannity

#12. When God-given, heaven-sent revival does come, it will undo in weeks the damage that blasphemous Modernism has taken years to build.

Leonard Ravenhill

#13. Humor is something that thrives between man's aspirations and his limitations. There is more logic in humor than in anything else. Because, you see, humor is truth.

Victor Borge