CoinMENA University

Inflation can be defined as the reduction in purchasing power of a currency or the continued increase in prices of goods and services within an economy.

Mainstream FIAT economists think a Bitcoin or Gold standard isn't friendly for business because they assume the limited supply will suffocate credit creation. However, not all credit is equal, there’s Commodity Credit and Circulation Credit.

Fractional reserve banking is a system in which banks are only required to have a fraction of bank deposits from their customers backed by actual cash on hand or available for withdrawal.

Stagflation is a portmanteau of the words Stagnation and inflation.

An interest rate is a payment owed to a lender by the borrower per period, which is a percentage of borrowed amount (the principal).

An economy can be defined as the production, consumption, and trade of goods in a given area.

The 2008 financial crisis also known as the subprime mortgage crisis devastated the world economy and was mainly triggered by the U.S housing market collapse.

On August 15th, 1971, President Richard Nixon announced his new economic program “creating prosperity without war” and the aftereffects of these policies have been referred to as the “Nixon Shock”.