Fiat money is most commonly used to refer to money not convertible into any real asset, as opposed to e.g. being coupled to gold. It exists simply because the g

Fiat money is most commonly used to refer to money not convertible into any real asset, as opposed to e.g. being coupled to gold. It exists simply because the government wishes it into existence, hence "fiat" or "make it so" in a very liberal translation from Latin