The word “fiat” comes from the Latin and means “let it be done.” Since fiat money has no value outside of this government decree that it does, it is said to have no intrinsic value.
Is Bitcoin Really Fiat?
Tag: #Money Printing
What if We Go Back to the Gold Standard?
What would happen if the world went back to the gold standard and actually backed their currencies with something of value? First, let’s examine how the gold standard came to be and how it came to be overthrown. Then we’ll discuss the why and how of a new gold standard.