Since then, we, as do most countries in the world, have a fiat money system.
The authorities could manage a flexible, paper money system so as to help maintain full employment.
He fails to explain why the digital gold money system would even involve anything called a dollar.
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Episodes whereby governments abused this market-based money system, upon exhausting their taxing powers, became increasingly rare after 1700.
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We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.
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Eventually, a society finds a way to reinstate a sound money system.
Post 1971, we have a new, avant-garde money system.
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And in fact, the economics of the so-called modern monetary theory (MMT) school who are loudest on the consequences of a fiat money system are advocates of big government programs like a government job guarantee.
As I have stated on numerous occasions, I am firm believer that the current structure of the amateur draft in baseball needs to be revised and a required slot money system has to be implemented.
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The service's operators will face charges of money laundering and operation of an unlicensed money transmission system.
More money in the system just means more money being offered in wages to those best footballers.
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One good reason for bringing more private money into the system is that private money usually means more money.
The US started receiving data from Swift, a money transfer system based in Brussels which handles millions of transactions daily.
In Kenya, the M-Pesa mobile money transfer system was launched in 2007 and is now woven into the fabric of everyday life.
What also matters is whether so-called resolution procedures - emergency action when a bank gets into difficulties to break the relevant bank up, in order to protect depositors and the money transmission system - are perceived to be so robust as to minimise the potential for financial crisis.
He advocates less for a gold standard than for an idea of Friedrich Hayek, the Nobel laureate who came to favor what he called the denationalization of money and a system centered on private coinage and currency that would compete with government-issued money.
Albany ended Advantage and "insulated themselves from the consequences of that decision by either capping their exposure with the adult shelter system or using federal money for the family shelter system, " he said.
Alas, this is really semantics: The FDIC will still be sucking money from the banking system to finance bank foreclosures, which means less money for loans to sound businesses and consumers.
Bad economic news will force the Fed to continue pushing money into the system.
Allowing even younger workers to take similar withdrawals would put money into the system.
Interest rates are low because the Fed has injected so much money into the system.
They do so because drugs like Solaris actually save the health care system money.
Bernanke argues that pumping money into the system has kept the economy from falling into deeper recession.
And then the government, under pressure, puts more money into the system, and the lines go away.
This policy allows central banks to inject money into the system by purchasing assets from the private sector.
Lawmakers should give serious thought to junking the current anti-money-laundering system and figuring out smarter ways to fight crime.
With all this excess money in the system, inflation should be quite elevated.
America needs to pay back its debt and find sustainable ways to get money into the system and create jobs.
The federal gas tax is not pumping (sorry) enough money into the system to pay for the federal spending on highways.
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