fiat
34
8.5
- noun
- /ˈfiːæt/
- Formal
:
decreto
- The practical result of this would be persistent depreciation of the fiat monetary unit.
- government fiat
- imposed by fiat
- fiat money
Next, let's discuss why Fiat is bad money.
- Next, let's discuss why Fiat is bad money.
- Bitcoin versus Fiat was really what it was.
- Some people call Fiat currency a Ponzi scheme.
- I mean, it has the potential to make obsolete Fiat currencies.
- So even though Fiat is frankly worthless, it's paper money.
- And you look at other stores of value, often Fiat currency.
- So gold is a an inflation hedge, whereas Fiat currency is getting eaten by inflation.
- And so for example, you have gold, then you have Fiat currency, and then you have Bitcoin, right?
- But also, you know, so there's a long tradition of use and acceptance in Fiat currencies.
- OK, so first up, stable coins are cryptocurrencies that are supposed to have a stable price in Fiat currency.
- And so, you know, in English, Fiat came to me in a decree.
- It's people around the world can still sell their Fiat whatever and buy Bitcoin.
- The trust in Fiat did not exist.
Examples
-
And placing limits on the creation of government fiat money would help achieve monetary stability.
Academic text (1993) -
Russia and Austria-Hungary had a fiat paper money regime, as did most Latin American states.
Academic text (1990) -
Well whatever happened, by judicial fiat, it's no longer your problem.
-
I don't make decisions by fiat.
-
Mises' reasons for preferring gold over managed fiat money are not so widely understood.
Academic text (1999) -
A regime aimed at stabilizing the value of fiat money is therefore likely to be short-lived.
Academic text (1999) -
The school implemented a new policy by fiat, which all teachers were required to follow.
-
The city council's decision to increase taxes came as a fiat from the mayor's office.
-
The changes to the law were enacted by fiat of the governor, which surprised many residents.
Synonyms
∞
3.0
An instruction from someone in power that must be followed
730
3.4
An official rule made by an authority
160
5.3
An official paper that tells a person or group to do something
128
6.1
An official instruction from a government or organization
108
3.5
An official instruction from a court telling someone to do or stop doing something
92
6.7
An official rule made by a local government
87
5.6
Permission that a person in charge gives to do something
80
5.7
An official written order from a court or government that must be followed
27
7.2
An official order from a person or government in power that people must follow
6
7.7
A clear order that someone in charge gives, like a teacher or parent
1
4.8
An order given by a person in authority
1
9.9
An official written order or reply from an authority like a court
1
8.4
An official order from an emperor or ruler that people must follow
1
8.2
A document from a court that orders someone to do or stop something
A formal official order given by a church or court
An official order made by someone in power
A formal order from an official used in law or religion
An official rule made by a ruler or council
Antonyms
Compounds
- Specialized
6
6.8
Paper or digital currency a government says people must accept and that has no gold backing
Surface Forms
Etymology
Fiat comes from the Latin fiat, which means 'let it be done', so a fiat today is an order from someone in power that makes something happen.