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Agreement is not equivalent to authority. Fiat means dictated by authority, which is backed by the power to enforce the rule.
by thinkmassive 9y ago
Agreement is not equivalent to authority. Fiat means dictated by authority, which is backed by the power to enforce the rule.
- SideburnsOfDoom 9y agoI don't think that those two things, "agreement" and "authority" are actually very different at all. And "Fiat" as opposed to Commodity-backed is not something that is subject to fine slicing like that, lest you beg the question, "what commodity magically came into being to back it here?"