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Thursday
8 January 2009

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Fiat money and Silver Coin Quotas - iStockAnalyst

And nowhere is this problem more evident than in the announcement that the U.S. Mint has now imposed quotas for silver eagles.

In one of the most hubristic moves every by a government - as a sort of bold proclamation that fiat money will endure forever, no matter how much the government prints - for many years now, the mint has continued to manufacture silver and gold coins with market values far in excess of their fixed face value.

Entire article: Fiat money and Silver Coin Quotas - iStockAnalyst

Filed in: U.S. Coins, United States Mint

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