Robert Kelly is managing director of XTS Energy LLC, and has more than three decades of experience as a business executive. He is a professor of economics and has raised more than $4.5 billion in ...

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 ...

Fiat money is a currency issued by a government that is backed by the authority and power of that government and its economy rather than a physical commodity. Historically, governments would mint ...

Fiat money and commodity money represent two distinct forms of currency, each defined by what gives it value. Fiat money is government-issued currency that has no intrinsic value but holds purchasing ...

Top central bankers said stablecoins performed “badly” as money, despite Trump’s ongoing push to integrate them into mainstream finance. The BIS concluded that stablecoins failed the three main tests ...

The last systemic or significant change in our Federal Reserve’s monetary policy occurred in 1971, when gold backing to our dollar was completely removed, and the United States transitioned to a ...

Renowned venture capitalist and influencer Naval Ravikant on Sunday described cryptocurrencies as free-market technology that would eventually replace the “socialist” fiat system. In an X post, ...