Month: June 2012

Why Fiat Money is bad for everyone but the rich. Permanently transfers wealth from poor to rich. Kind of a reverse Robin Hood. #in

Several of my students have been asking me to clarify why “fiat money” is basically bad in all it’s forms — essentially a tax on the poor. The following article focuses on that most obscene example, the US Federal Reserve system however to a lesser degree fiat money is still bad even where governments create …

Why Fiat Money is bad for everyone but the rich. Permanently transfers wealth from poor to rich. Kind of a reverse Robin Hood. #in Read More »