fiat money
6
6.8
- noun
- /ˈfiːæt ˈmʌni/
- Specialized
:
dinero fiduciario
- During financial crises, the role of fiat money becomes crucial as it is the primary form of currency in use.
- fiat money regime
- fiat money system
- value of fiat money
When loans are made, new Fiat money is generated.
- When loans are made, new Fiat money is generated.
- So very long winded way of saying, you know, Fiat money is money that is, you know, privileged by state edict by decree.
- And even Alan Greenspan, the corrupt Fed chairman, said all Fiat money returns to gold.
- But whether there are use cases beyond that that challenge Fiat monies, which actually work very well.
- They've always taken Fiat money, paper money, all of these things were always born out of fraud.
- Bitcoin is people's money, so it's made by the people and the US dollar and most Fiat currencies are government or Fiat money.
Examples
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Many survivalists and authors worry about the fiat money system and favor the gold or silver standard.
Blog text (8) -
In other words, when they bought the bonds, they created Fiat money, as we all know.
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The "magic" of law is perhaps most apparent in the fiat money system.
Blog text (26) -
When loans are made, new Fiat money is generated.
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You can't add $4.6 trillion in fiat money in 3 years and not see prices go up.
Blog text (1) -
Gold is the enemy of fiat money; gold is a true indicator of the value of currency.
Blog text (25) -
The discretionary fiat-money regimes of today do little to create confidence in the global financial network.
Academic text (1993) -
A regime aimed at stabilizing the value of fiat money is therefore likely to be short-lived.
Academic text (1999) -
Many economists believe that the stability of fiat money relies heavily on the trust of the people in the government issuing it.
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Unlike currencies backed by gold, fiat money has value simply because the government maintains its status as legal tender.
Synonyms
4
4.0
Coins or paper money that the law says must be accepted for payment
How Backed
- Specialized
12
5.1
- Specialized
1
6.1
- Specialized
42
6.7
- Specialized
6
6.8
Surface Forms
Morphology
The meaning 'money whose value is established by government decree rather than a commodity' is directly derivable from combining 'fiat' (an authoritative order/decree) with 'money'. This is a compositional, technical term, so a learner who knows both constituents can infer the intended sense.
Etymology
Fiat money comes from the Latin word fiat, which means 'let it be done'. Picture a ruler or government saying 'this is money' and people accepting it, so fiat money has value because the government says so and people trust it.