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The Bank of England Declares the Pound is Fiat

posted by LaminatorX on Tuesday March 25 2014, @03:15AM   Printer-friendly
from the Fiat-£ dept.

buswolley writes:

"https://www.creditwritedowns.com/2014/03/boes-shar p-shock-monetary-illusions.html

In a new paper "Money creation in the modern economy," the Bank of England admits that the pound is a fiat currency, explains how it is created, why this matters, and why virtually everything that economic textbooks say about money is wrong.

The authority of the Bank of England on these matters is not easily dismissed, and can represent a shift in thinking among the financial elites from traditional models to fiat centric models."

 
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  • (Score: 2) by ls671 on Tuesday March 25 2014, @05:22AM

    by ls671 (891) on Tuesday March 25 2014, @05:22AM (#20875) Homepage

    "We need a system to weed out dupes"

    In Request Tracker, there a merge functionality where you can merge dupe tickets. Why not merge dupes?

    --
    Everything I write is lies, including this sentence.
    Starting Score:    1  point
    Karma-Bonus Modifier   +1  
    Total Score:   2  

  • (Score: 0) by Anonymous Coward on Tuesday March 25 2014, @06:38PM

    by Anonymous Coward on Tuesday March 25 2014, @06:38PM (#21221)

    Request Tracker

    Link? [google.com]

    ...and I was originally thinking, down the road a piece, Tags (like the other site has) might be useful in these kinds of cases.

    -- gewg_