Alasdair Macleod: The World Of Fiat Currencies Faces Its Last Hurrah (RTD News Update)

in #money5 years ago

Alasdair Macleod - The World Of Fiat Currencies Faces Its Last Hurrah.JPG

Since the turn of the millennium there have been two global #bank credit crises: the first was the #deflation of the dot-com bubble in 2001–2, and the second the 2008–9 financial #crisis that wiped out Lehman Brothers. It was clear from these events that the debate over moral hazard was resolved in favour of supporting not just the banks, but big business and #stockmarket valuations as well. Furthermore, America’s #budget #deficits were becoming a permanent fixture.

Find out more from this RTD #news update:


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