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.