Quotes & Sayings About Fiat Currency

Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency, that no fiat currency, including the dollar, can match. — Alan Greenspan

Gold, unlike all other commodities, is a currency ... and the major thrust in the demand for gold is not for jewelry. It's not for anything other than an escape from what is perceived to be a fiat money system, paper money, that seems to be deteriorating. — Alan Greenspan

Our fiat currency is under increasing stress with our large and growing trade deficits. We have a federal deficit that is calculated in the trillions when we take into account the net present value of the future Social Security and Medicaid obligations we are creating today. — George Noory

Here's the dirty little secret: Fiat currency is designed to lose value. Its very purpose is to confiscate your wealth and transfer it to the government. Each time the government prints a new dollar and spends it, the government gets the full purchasing power of that dollar. — Michael Maloney

To the best of my knowledge, there has never been a monetary union, putting out a fiat currency, composed of independent states. — Milton Friedman

Many hold that by floating the dollar, Nixon converted the U.S. currency into pure "fiat money" - mere pieces of paper, intrinsically worthless, that were treated as money only because the United States government insisted that they should be. — David Graeber

As long as we issue fiat currency, I see no alternative to a legal tender law. — Alan Greenspan