Religious, political, and personal views: Fiat Money

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Friday, November 28, 2014

Fiat Money

Fiat money refers to money issued by the government that has official value declared by the government. In actuality, the value of a fiat dollar depends on economic growth. If the government prints an excessive amount of paper money, it leads to inflation or devaluation of the currency. The reason... Sign in to see full entry.

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