Content Principles of Economics: Scarcity and Social Provisioning 2nd Ed Banking Fiat Money vs Commodity Money: Which Is More Prone to Inflation? The US may face the consequences of its heavy money-printing activity sooner rather than later. Many have failed, some worked, and a few are either on the brink of collapse or in the… Continue reading Principles of Macroeconomics 2e, Money and Banking, Defining Money by Its Functions