Money without backing can be printed until it “covers” all the values, and then the economy ceases to exist. Then, only money circulates in trade, while goods move to the sphere of barter. The end of the economy is, unfortunately not far away At the latest symposium of economists in Belgrade, Dr. Bozidar Cerovic disputed […]
You have reached a premium content area of TOL. To read this entire article please login if you are already a TOL subscriber.
Not a subscriber?
Annual membership costs only $55 per year for individuals ($33 for students) and organizational subscriptions start at $134 per year.
Subscribe today for access to:
Full access to the website, including premium articles videos, country reports and searchable archives (containing over 22,000 articles).
You can subscribe here to gain access to the entire website.