NOUN
- money that the government declares to be legal tender although it cannot be converted into standard specie
How To Use fiat money In A Sentence
- National Provisions Company, and went out preaching fiat money and a subtreasury for the farmers 'crops, trusting to God and the flower garden about his little white house, to keep the family alive -- it is odd that Jeanette's childish impression was that General Ward was a man of consequence in the world. A Certain Rich Man
- The phenomenon of liquidity preference can find no place in a model that admits of only one asset, fiat money.
- Where fiat money is used as currency, the term fiat currency is used. Mangan's
- Under the fiat money system the FED has arrogated unlimited powers to itself, namely, the power to print unlimited amounts of money.
- Or a baseline of less than 100 years of fiat money plus a few adventurous years earlier, but in nonmodern economies? This Changes Nothing, Bryan Caplan | EconLog | Library of Economics and Liberty
- The term fiat money is used to mean: any money declared by a government to be legal tender; state-issued money which is neither legally convertible to any other thing, nor fixed in value in terms of any objective standard; money without intrinsic value. Mangan's
- The phenomenon of liquidity preference can find no place in a model that admits of only one asset, fiat money.