Tag fiat currency

Top 10 Reasons For Fiat Currencies

Yuan Dynasty Banknotes (circa 14th century) Let’s end the year with some humor from The Daily Capitalist and its recent post titled “Top Ten Reasons Why Fiat Currency Is Superior To Gold (Or Silver) Money.” The Top 10 Reasons are…

Gasoline And Oil Prices

Proven world oil reserves, 2009 Below is a 72-month chart from GasBuddy.com illustrating the price of gasoline per gallon and the price of crude oil per barrel (WTI, albeit Brent has a greater impact on U.S. gasoline). Source: GasBuddy.com Nevertheless,…