Quotes About Fiat Money

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Quotes About Fiat Money

I want to make it clear what I am not saying. I am not saying that fiat money, once established on the ruins of gold, cannot then continue indefinitely on its own.
— Murray Rothbard —

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

— Carroll Quigley

In the North, the sale of government bonds was the one measure for raising funds that seemed to work. Even that, however, with the lure of compounded interest to be paid in gold at a future date, failed to raise more than about half the needed amount. So the Union faced a real dilemma. The only options remaining were (1) terminate the war or (2) print fiat money. For Lincoln and the Republicans who controlled Congress, the choice was never seriously in doubt.

— G. Edward Griffin

There have been unions based on gold or silver, but not on fiat money - money tempted to inflate - put out by politically independent entities.

— Milton Friedman

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