Fiat, versus Representative Money Under Debate (II) : A Case Study of the U.S. Federal Reserve’s Monetary Base Along the Postwar Era

This is continuing our previous approaches on money, as fiat, versus representative, but also looking either at a crisis that forces the future to be different than present and past, or at the former Fed's governor's (Alan Greenspan) reflections about the former gold standard that sounded at least strange at their time. We turn here, in this paper, to a more applied procedure, as much as essays always keep limited persuasion resources, but stay aware that this approach capability stays, in its turn, even less persuasive face to the mutually exclusive theories of fiat and representative money. There rather aren't precedents in such an aiming of applied studying. Plus, relating such a study to presumably remaking representative money system then gold standard, when crisis enough feared all of us, would be partly controversial for here choosing the US case (a pretty ordinary country would better reflect such disposability). But it is just partly controversial, due to that the American economy and politics might steel remain influential on the international scale in all directions and even the classic gold standard had its own center, versus periphery zones to consider in context. Finally, let to money even the chance of being ‘free' from the fiat and representative exclusive options