The Inflation Knuckleball |
| March 29, 2011 | March 2011 Bond Updates |
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By its very definition, fiat money is something created out of thin air: the word "fiat" is Latin for "let it be done" (as in, by decree). But the convenience that such a currency system offers central bankers is paid at the expense of savers. With nothing of real or lasting value on which to anchor, the value of fiat currencies can always blow away like ashes on a windy day. |
| View more at: http://blogs.forbes.com/michaelpento/?p=82 |
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