Fiat Money and Economic Globalization

Because developed states cannot balance their budgets against the natural forces of economic globalization, central banks are left printing more money to keep states alive. In effect, the role of fiat money is the creative downsizing or destruction of developed states and the transfer of power and wealth to the newly emerging undeveloped states.

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About James Constant

writes on law, government and science, as they are and as they should be

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