Skip to content

Uncommon Sense

Pithy sayings and brilliant observations

Fiat money

Only government can take perfectly good paper, cover it with perfectly good ink and make the combination worthless.

Related

Author Greg RavenPosted on May 7, 2009November 1, 2018Format QuoteCategories moneyTags Milton Friedman

Post navigation

Previous Previous post: Consumer protection
Next Next post: Government ‘solutions’

“Perhaps the sentiments contained in the following pages, are not yet sufficiently fashionable to procure them general favor; a long habit of not thinking a thing wrong, gives it a superficial appearance of being right, and raises at first a formidable outcry in defense of custom. But the tumult soon subsides.” — Thomas Paine

Authors

  • Authors

Categories

Powered by

“There can be no public or private virtue unless the foundation of action is the practice of truth.” — George Jacob Holyoake

Uncommon Sense Proudly powered by WordPress