WHAT IS FIAT MONEY? "Fiat Money" provides an overview of fiat currency, explaining its definition, characteristics, and historical context. It highlights the key differences between fiat money and commodity money, emphasizing that fiat currency is not backed by any physical asset like gold or silver. The article further delves into the advantages and disadvantages of using fiat money, including the potential risks of inflation and economic instability. Now you've got a go to article to share to your normie friends. |