Rensselaer Union, Volume 10, Number 45, Rensselaer, Jasper County, 25 July 1878 — Fiat Money. [ARTICLE]

Fiat Money.

Fist money is beginning to be understood by n few wlio have given it their undivided attention. Fiat money means anything that lias the government stamp upon it. A turnip, or a piece of worthless brown paper which bos on its face t lie stamp of the goveminent, indieating that it is worth 5>10,000, or even SfOD.OOO, makes it worth that amnuat. And the more worthless the thing that contains the stamp the better the money. The government ean stamp a twobit load of wood and make it a steamboat, an extensive business house, or just ns many acres of rich land as any one could desire, Actr Albany Fedf/erSta/iilard.