F

Fiat Currency

ConceptMentioned in 1 video

Money backed by nothing tangible, essentially declared as legal tender by a government's decree ('let it be done' in Latin). Its creation dilutes the currency supply of other nations whose reserves are backed by the US dollar.

Videos Mentioning Fiat Currency

Who Controls All of Our Money?

Who Controls All of Our Money?

ColdFusion

Money backed by nothing tangible, essentially declared as legal tender by a government's decree ('let it be done' in Latin). Its creation dilutes the currency supply of other nations whose reserves are backed by the US dollar.