Modern economists attempt to define money by correlating it with economic activity. As Austrian economists know, money is ...
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What Is Fiat Money?
Fiat money is a currency issued by a government that is backed by the authority and power of that government and its economy rather than a physical commodity. Historically, governments would mint ...
Bank for International Settlements (BIS) Unveils New Vision for Global Monetary and Financial System
The Bank for International Settlements (BIS) unveiled a new vision for the future of the global monetary and financial system, centered on a tokenized unified ledger. This innovative framework aims to ...
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