In the aftermath of the 2008 economic downturn, the global financial infrastructure was pushed to the brink of collapse. As a desperate measure to mitigate the devastating effects of the crisis, a massive influx of US dollars was injected into the system through a substantial expansion of the monetary base. This unprecedented move was orchestrated to stabilize the teetering economy and prevent a complete meltdown of the financial sector.
**Fiat Money’s Final Stand?**
In the aftermath of the 2008 economic downturn, the global financial infrastructure was pushed to the brink of collapse. As a desperate measure to mitigate the devastating effects of the crisis, a massive influx of US dollars was injected into the system through a substantial expansion of the monetary base. This unprecedented move was orchestrated to stabilize the teetering economy and prevent a complete meltdown of the financial sector.
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