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Fiat Currencies

Nick Name
Fiat
Parent term
Currency
Fiat Currencies are currencies issues by governments that are not backed by hard assets (like gold), but are backed by faith in the government


Risks of Fiat Currencies

  • They can be issued in unlimited volumes (and thus lose value to inflation)
  • Most countries are technically bankrupt (2018), so it's likely they will print more to pay bills

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