fiat money

noun

: money (such as paper currency) not convertible into coin or specie of equivalent value

Examples of fiat money in a Sentence

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Now, all that backs fiat money is belief in the government or issuing institution. —

Lisa Loud, Forbes, 5 Nov. 2024 Those who understand the philosophy of liberty and sound economics must continue to spread the truth about the dangers of fiat money and the growth of government power and government debt. —

Ron Paul, Orange County Register, 5 Aug. 2024 Government deficits are a symptom of the abandonment of the moral truths of individual rights and limited government for the immoral lies of the welfare-warfare state and the fiat money system that underlies it. —

Ron Paul, Orange County Register, 11 June 2024 In short, all three are properties of money, without the guarantees of governments and central banks that fiat money comes with. —

Zain Jaffer, Rolling Stone, 12 Mar. 2024 See all Example Sentences for fiat money