Absent a common currency in the form of the dollar, the U.S. would still be a rich country, but far less vibrant for all the wasted effort necessary to facilitate interstate trade given 50 different floating money concepts.
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Hedge funds do great work for bringing liquidity and precious market signals to the economy, but the simple truth is that absent the chaos wrought by floating money, the economy would require a great deal less in the way of hedge funds.
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Just as a floating foot and minute would lead to a lot of building and cooking errors, floating money would and does foster a great deal of malinvestment and trade disharmony for turning voluntary, economy-enhancing exchange with stable money as the measuring stick into something where trading partners are increasingly at odds.
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Yes, that floating fiat money is surely some kind of cure-all.
Lots of money floating around in that part of the world could sustain prices on the high side.
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For all the money floating around, even the powerful Gates Foundation has met with more failures than successes.
This world has enough clout and money floating around that no one company s ever going to have the kind of power that Apple needs to maintain its aesthetic.
And there is ample evidence that despite all the precautions and enforcement measures now in place, there is more and more dirty money floating in the international financial system now than ever before.
This is mostly from the Keynesian camp: they need floating currencies to play their funny money games.
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The Securities and Exchange Commission is floating several ideas about how to protect money market fund investors in the event of a financial panic.
Depending on whether floating rates rise or fall, one will end up owing money to the other.
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Now the game is this free-floating code in the ether, out to make as much money as possible.
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Today the world uses a system of floating exchange rates based on "fiat" or government-created money.
Already, the New York Times has agreed to publish an article on a giant floating garbage patch in the Pacific, if the journalist can raise the money to go.
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This is the effect much loved by the Keynesian money-manipulators, which is why governments have experimented with manipulable floating currencies for literally millennia.
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The government has also poured money into developing Marina Bay with new hotels, theatres and a floating, multi-use stadium with a 30, 000-person capacity.
When it came time to buy computers to test the search algorithms floating inside their high-IQ brains, Page and Brin did what any money strapped students would do.
Money market mutual funds are exempt from SEC requirements that mutual funds maintain floating net asset values.
Money was allowed to flow freely across borders and, in an era of floating exchange rates, the constraints on credit growth were much reduced.
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Her mother used the money to pay down a debt and for food for the fish they raise under their floating house -- their primary income source.
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