Indeed, as we report regularly through our Monetary Watch series, money supply under the Austrian formulation of money, which Austrians have coined the True Money Supply or TMS, has been growing at double digit rates for some time now, 21 consecutive months to be exact, with the latest month showing a year over year rate of increase of 11.2%.

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Recall how in 2007, the "Paulbots" were everywhere: running up the numbers on every online poll they could find, generating one-day fundraising records in a desperate bid for national attention (they coined the word "money-bomb"), and creating massive amounts of voter-generated media on his behalf.

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Lewis Solomon, a law professor at George Washington University and author of a book about local currencies, says local currencies are legal with some stipulations, including that they have to be printed (not coined) and that local money cannot resemble dollars.

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The hip-hop industry, of course, has demonstrated a particular affinity for bling, a term coined in the early '90s by New Orleans rappers the Cash Money Millionaires.

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"Money and people are switching roles, " says Jaron Lanier, the innovator who coined the term "virtual reality" in the early 1980s.

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