Learn about fiat money. Find out its definition, purpose, characteristics, and how it is created, including its potential ...

Mike Maharrey delivers a compelling explanation of what money really is—and why sound money, such as gold and silver, remains ...

In 1971, President Nixon terminated the convertibility of ... The gold standard was completely replaced by fiat money, a term to describe currency that is used because of a government's order ...

The author of the bestselling book, ‘Rich Dad Poor Dad’, Robert Kiyosaki, has warned against saving fiat money, calling it ...

Unlike gold and silver, fiat currency did not arise from the market. It is declared money by the state—fiat meaning “let it be done.” Initially, paper notes were redeemable for gold or silver. But ...

Fiat money is a government-issued legal tender ... got the U.S. back to the gold standard — until President Richard Nixon announced the end of the gold standard in 1971. Most of the world's ...