View synonyms for fiat money

fiat money

noun

paper currency made legal tender by a fiat of the government, but not based on or convertible into coin.

fiat money

money declared by a government to be legal tender though it is not convertible into standard specie

An Americanism dating back to 1870–75

And do not let anybody fool you for a single second by talking about "fiat money" and "inflation of the currency."

Many remedies have been proposed, and chief among these is the remedy of fiat money.

We are told by those who believe in fiat money that gold is a measure of value just the same as a half bushel or a yardstick.

Why allow fiat money to fade out when a simple act of Congress can make it as good as gold?

Another remedy has been suggested by the same persons who advocate fiat money.

April 23, 2024inveterate

[in-vet-er-it ]

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