[Home]  [About]  [Poor]  [Rich]  [Tax]  [BTC]  [Dice Rolls] [Gresham's Law]  [Why]  [Fiat] [$ cost Averaging] [MSTR] [What's the Problem?]

Fiat Currency Overview

Legal Tender: Fiat currency is government-issued money that citizens must accept as payment for debts, taxes, and goods.

Government Authority: Unlike commodity money (backed by physical resources), fiat currency derives its value from a central authority's decree rather than intrinsic worth.

Controlled Supply: Central banks regulate the amount of fiat currency in circulation to manage economic stability and prevent inflation or deflation.