Real estate blog entries tagged with fiat money credit devaluation dollar inflationary cycle hyperinflation bank government global capitalism by Christy O'Connor (Oconco Marketing, Inc.)

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Home : Blogs : Christy O'Connor : Christy O'Connor's Blog : Tag "fiat money credit devaluation dollar inflationary cycle hyperinflation bank government global capitalism"

fiat money credit devaluation dollar inflationary cycle hyperinflation bank government global capitalism: The Fiat Money Supply - 12/28/07 09:31 AM

Fiat currency or fiat money is money backed by government demand for it as legal tender in payment of legal liabilities, such as taxes. It is often associated with paper money because legal liabilities are created and settled by documents which are usually paper. Without government demand for certain kinds of paper as legal tender, such as bank notes, only specie is unlimited legal tender. However this is not universally true, as some currencies, (notably sterling issued by Scottish banks), are not legal tender but are accepted by longstanding confidence.
The term “fiat” currency is also used specifically to refer to … (2 comments)

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Christy O'Connor

Pittsfield, MA

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