Websters Ninth New Collegiate Dictionary [Hardcover]

Websters Merriam (Author)

Product Details

• Hardcover: 1570 pages
• Publisher: Merriam-webster+ Inc; 9th edition (October 1983)
• Language: English
• ISBN-10: 0877795088
• ISBN-13: 978-0877795087
• Product Dimensions: 9.6 x 7.1 x 2 inches
• Shipping Weight: 3.6 pounds
• Average Customer Review: 5.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #334,421 in Books (See Top 100 in Books)

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5.0 out of 5 stars Revolution and Fiat Money, September 1, 2011

By 

Timothy (New York City) - See all my reviews

This review is from: Websters Ninth New Collegiate Dictionary (Hardcover)

Revolution - A sudden, radical, or complete change; a fundamental change in political organization. - Webster's Ninth New Collegiate Dictionary.

Everyone is talking about the revolution in Egypt, but the Egyptians did not have a revolution, they had a rebellion. Their old president (Hosni Mubarak) was a military man who ruled for 30 years. He became too corrupt and ignored the masses of the Egyptians so much that they were suffering economic strife. So many of the unemployed educated people of Egypt protested and demanded that Mubarak leave his post. And who's running Egypt now? The military. All the Egyptians did was replace one military man with another. The people are screaming democracy, but what they really want are jobs and less corruption, so if the new military man rules in a more fair way, he will reign for as many years as he is just. The people may try democracy until they find out that a democratic Egypt will leave them poor and at the bottom with the wealthy elite taking everything that they can just like in India, U.S. Mexico, etc.

Fiat Money - Money (as paper currency) not convertible into coin or specie of equivalent value. - Webster's 9th New Collegiate Dictionary.

The concept of a value that exists on paper and no place else does not just apply to money in the U. S., it applies to every institution that we have. One local example is the New York City homeless shelter system. If you are homeless and ask for help, a case worker will find out if you have family or friends any place in the world. If you say yes, they will give you a one way ticket to that place. You are no longer counted in New York City as homeless no matter what you do with the ticket or what happens when you reach your destination. You will still be homeless in reality, but not on the official documents. The largest paper reality is probably the U. S. unemployment department. According to the unemployment department you are only unemployed if you have worked a certain amount of hours a week in the quarter before you were laid off or you continue to look for jobs even though no full time jobs exist in your field. If you stop looking for jobs or find a part time job that does not pay enough fiat money to feed and shelter you, you are no longer unemployed. The question for the 21st century is are you real or are you a paper person?