Pawlenty Attacks "Fiat Money"

The Hill reports:

The former Minnesota governor said the administration has devalued the dollar by injecting "fiat money" into the economy.

Former Minnesota Gov. Tim Pawlenty (R) predicted Tuesday that the U.S. will face a double-dip recession that could last all the way until the 2012 elections.

The likely presidential candidate said the government, under President Obama, has devalued the dollar by injecting "fiat money" into the economy in an attempt to boost it — a plan he said will be damaging in the long-run.

"I think we're headed for a double-dip. That's my personal view," Pawlenty said on strong>Fox News's< strong>"Hannity"<show.

The comment is a stern warning from Pawlenty, who is looking to contrast his economic program with Obama's heading into the campaign season.