- Foundation for the Advancement of Monetary Education - https://fame.org -

How Fiat Money Plays Out

Larry Parks, using illustrations, shows how legal tender irredeemable paper-ticket-electronic money, a.k.a. fiat money, plays out. It’s purchasing power always approaches its cost of production: ZERO!

More Information can be found from Larry Parks HR1098 Congressional Testimony 9-13-11 [1]
To get a copy of What Does Mr. Greenspan Really Think? from Amazon, click HERE [2]

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