Discover the differences between fiat money and legal tender, their roles in the economy, and why it matters for your ...
It's important to understand how money works, and it's counterintuitive. One aspect which is missed in the debate between commodity-backed currencies and fiat currency, that is to say currency which ...
Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Somer G. Anderson is CPA, doctor of ...
Fiat is a centralized currency issued by a government, whereas cryptocurrency is a decentralized currency leveraging blockchain technology. Most modern currencies are described as fiat—issued by the ...
The study of economics is: the study of how people make a living. We make a living today with a fantastically complex network of specialization and trade – a network so complicated that nobody ...
It used to be that every dollar was worth a certain amount of gold. In theory you could walk into a bank and exchange your greenback for a little chunk of the yellow stuff — the bank “promised to pay” ...
This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience. We want nice things. We want to live in a nice house, eat ...
“…[Georg Wilhelm Friedrich] Hegel’s dialectic process exhibits a triadic movement. Usually this triadic structure of the dialectic process is described as a ...
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What is Fiat Money?

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