| 1. | He stated that deflation is always reversible under a fiat money system.
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| 2. | The term'fiat money'was used in the resolutions of an 1878 party convention.
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| 3. | Without real estate backing the currency it became worthless fiat money.
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| 4. | Kublai Khan is considered to be the first fiat money maker.
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| 5. | From this point, the international monetary system was made of pure fiat money.
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| 6. | Today all circulating coins are made from base metals, known as fiat money.
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| 7. | BitX facilitates bitcoin storage and transactions through their exchanges between fiat money and bitcoin.
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| 8. | Fiat money and credit whose values were determined by anarchic market forces are abolished.
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| 9. | According to proponents of modern money theory, fiat money is also backed by taxes.
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| 10. | This is the opposite of what many people believe about the creation of fiat money.
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