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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.

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

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“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

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