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Debate: Fiat currency

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Revision as of 18:12, 14 November 2008 (edit)
Jonathan Winterfield (Talk | contribs)
(Should fiat currencies exist? - change question)
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Revision as of 13:19, 15 November 2008 (edit)
Jonathan Winterfield (Talk | contribs)
(Yes - +)
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-''Click on the pencil icon and research and write arguments here''+*'''Commodities can not be artificially inflated.''' Commodities such as gold are very unlikely to experience a massive increase in quantity, but it is very easy to increase the amount of paper money, and when the amount of money increases, inflation will increase.
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Revision as of 13:19, 15 November 2008

Should fiat currencies be eradicated?

Contents

Background and Context of Debate:

The terms fiat currency and fiat money relate to types of currency or money whose usefulness results not from any intrinsic value or guarantee that it can be converted into gold or another currency, but instead from a government's order (fiat) that it must be accepted as a means of payment.

This debate asks if fiat-currency should be used.

Some content for this introduction is taken from Fiat currency at Wikipedia.

Do Fiat currencies increase the possibility of hyperinflation?

Yes

  • Commodities can not be artificially inflated. Commodities such as gold are very unlikely to experience a massive increase in quantity, but it is very easy to increase the amount of paper money, and when the amount of money increases, inflation will increase.




No

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Yes

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No

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Yes

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No

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References:

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