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 ...

The value of the money is determined by the government. Fiat money became the norm after U.S. President Richard Nixon decided to abandon the gold standard in 1971. This meant that the U.S. dollar ...

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 ...

But just as Nixon sought a way to circumvent market forces, Trump is trying to buck — by executive fiat — the economic logic that determines trade flows. Nixon’s plan was initially greeted ...

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 ...