Currently, most modern monetary systems are based on fiat money.
It is fiat money and central banking that have caused this crisis.
May I be the first to write some crazy old nonsense about going back to the gold standard and fiat money.
The term 'fiat money' was used in the resolutions of an 1878 party convention.
He governed the bank during the war years and was involved in decision to move from a silver currency to fiat money.
That system eventually collapsed in 1971, at which time nearly all nations had switched to full fiat money.
Do not sell of the nations assett's for fiat money.
Used in this sense, fiat money is a type of representative money.
He was a supporter of fiat money, as opposed to a gold standard, in Brazil.
This has been due to a secular inflation resulting from the over issue of fiat money.
Gold has replaced every fiat currency for the past 3000 years.
A fiat currency is something that has value "because a market says it has".
That's why I say it is a fiat currency.
It is all too simple, and fiat currencies always fail.
A constitutional amendment prohibited further government issues of fiat currency after 1909.
There is a very good reason why fiat currencies have historically never lasted longer than 50 years.
Gold i think will go to at least $2000 this year as the fiat currencies begin to die and inflation takes hold.
However, open market operations could be used to keep the value of a fiat currency constant relative to gold.
In its place, the Japanese issued several series of fiat currency.
Asian people however do have better understanding, due to a more cultural suspicion against government and (their management of) fiat currency.
Słownik finansowy