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#37
11-07-2007, 05:17 PM
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Re: USA can thank China....
[ QUOTE ]
Nothing wrong with fiat money per se. The problem is with the monopoly of any sort of money. The term "fiat" is a distraction, since in AC-land you can bet there'd be entities guaranteeing money with . . . physical assets. [/ QUOTE ] If it's guaranteed with physical assets it isn't fiat money. 
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