by Rep. Ron Paul The Latin term “fiat†roughly translates to “there shall beâ€. When we refer to fiat money, we are referring to money that exists because the government declares it into existence. It is not based on production or earnings, and not backed by any commodity. It is solely based on trusting the [...]
Jul 21, 2008 | Categories:Founding Principles | Tags: central bank, dollar, Economy, Federal Reserve, fiat-money, gold, inflation, Monetary Policy, Ron Paul |
by Rep Ron Paul Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame? Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal [...]
Jun 09, 2008 | Categories:Economy | Tags: central-banking, dollar, Economy, energy, Federal Reserve, fiat-money, gas, Guest Commentary, inflation, Monetary Policy, oil, prices, Ron Paul |
The Falling Dollar and Rising Energy Prices
by Rep Ron Paul Oil prices are on the minds of many Americans as gas hits $4 a gallon, and continues to surge. How high can prices go? How can we solve these problems? What, or who, is to blame? Part of the answer lies in understanding bubbles and monetary inflation, but especially the Federal [...]
Jun 09, 2008 | Categories:Economy | Tags: central-banking, dollar, Economy, energy, Federal Reserve, fiat-money, gas, Guest Commentary, inflation, Monetary Policy, oil, prices, Ron Paul | Leave A Comment »