Quarterly Journal of Austrian Economics

Fiat Money and Collective Corruption

The Quarterly Journal of Austrian Economics
Downloads

Volume 14, Number 4 (Winter 2011)

 

In this article it will be argued that collective corruption - which is the logical result of government interventionism in the field of money production - can explain why public opinion accepts adherence to an economically and socially destructive fiat money regime. Collective corruption can explain why returning to sound money faces such high, perhaps insurmountable, hurdles once fiat money has been put into place.

All Rights Reserved ©
Support Liberty

The Mises Institute exists solely on voluntary contributions from readers like you. Support our students and faculty in their work for Austrian economics, freedom, and peace.

Donate today
Group photo of Mises staff and fellows