“Fiat” is money with no intrinsic value beyond whatever an issuing government is able to enforce. When it enjoys a monopoly as currency, fiat inevitably turns the free market functions of money inside out.
The San Francisco Fed asked people what they thought Quantitative Easing would do to the economy. The answer wasn't what they expected...
As concerns over the U.S. dollar and the Federal Reserve continue to grow, U.S. lawmakers are exploring sound money, competing currencies, and the route to monetary freedom.
While the B.R.I.C.S nations are contributing to the I.M.F.’s funding with the purpose of shoring up the global financial system, they’ve stipulated that they want more power in the I.M.F.