A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat money, non-gold-standard money, today, from the perspective of the ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The root cause is the need for accommodating central bank policies in the face ...

Earlier this month, I had the privilege of participating in the conversations held in the various lounges and side events connected to the annual meeting of the World Economic Forum in Davos, ...

Definition: Fiat currency is a form of money or tender not backed by a tangible asset or commodity like gold or silver. It’s usually mandated by governments, but this isn’t always the case. The ...

An almost-forgotten 19th century episode shows that international cooperation can be essential for a stable global monetary system JOHANNES WIEGAND is an advisor in the IMF’s Strategy, Policy, and ...

This article is part one of The Conversation’s “Business Basics” series where we ask leading experts to discuss key concepts in business, economics and finance. For the most part, economists continue ...