Political Economy of Money : Emerging Fiat Monetary Regime
George MacesichISBN: 0275965724;
Since 1971, when the Bretton Woods gold exchange standard ended, the world has been on a fiat monetary regime, with various fiat currencies managed according to the discretion of the issuing country. Inherent in this regime is a basic problem--the ease with which the system lends itself to political manipulation. This study examines the emerging fiat regime in a world of nation states determined to preserve their sovereignty from erosion by the global economy placing this process in its economic, historical, and political perspective.
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