Fiat Currency Bubble Building with Ed Butowsky, Uri Dadush and Martin Hennecke

RT: The US, UK, Japan and eurozone are desperate to grab a slice of someone else's growth if they can't generate any of their own. How badly will this go down with the developing world? And are we seeing a money printing competition? Is printing money a good idea at all? CrossTalking with Ed Butowsky, Uri Dadush and Martin Hennecke.
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Wiki: Fiat money is money that derives its value from government regulation or law. The term fiat currency is used when the fiat money is used as the main currency of the country. The term derives from the Latin fiat ("let it be done", "it shall be").^[1]
Fiat money originated in 11th century China,^[2] and its use became widespread during the Yuan and Ming dynasties.^[3] During the 13th century, Marco Polo described the fiat money of the Yuan Dynasty in his book The Travels of Marco Polo.^[4][5] The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then all reserve currencies have been fiat currencies, including the U.S. dollar and the Euro.^[6]