The Creation of Money and a Fiat Currency

Government 1B: Lesson 50 What is the origin of money? For most, money is represented by the crisp new paper bills that are kept in wallets, the tap of a debit card, or the transfer of an email. For a few, money is remembered as precious metal coins that bore the stamp of the king, …

Honest Money and the Economic Laws of the Bible

"Does a national government need to issue its own money in order to secure honest money?" What is Honest Money? To even begin to answer this question we have to understand what honest money is. Money is described as the most marketable commodity, and the origin of money was determined by the people and market. …

The Government is Counterfeiting

Economics: Lesson 85 Is it counterfeiting when government-licensed banks create money out of nothing? Counterfeiting; when someone makes a copy, a fake of the real thing. The counterfeit is meant to be carefully passed off to the general public in a way that will trick everyone into thinking that the counterfeited copy is the real …