> Fiat currency here is obviously being used to refer to currencies created by government decree. It's a bad term and I fight it everywhere I can. > The idea

> Fiat currency here is obviously being used to refer to currencies created by government decree. It's a bad term and I fight it everywhere I can. > The idea that money can only exist by government decree is patently absurd. No one put forth that idea here. I'm just saying that the idea that there is a non-arbitrary currency is equally absurd.