What is a fiat currency?

In short, fiat currency is money that exists because an authority, government or custom simply declares or forces it to be as such. Normally, minting coins and printing bills is a profitable undertaking for a government running a fiat currency. Central bankers are causing the holders of all fiat currencies to eschew that paper in favor of gold.

What is a royal fiat?

a royal fiat. a fixed form of words containing the word fiat, by which a person in authority gives sanction, or authorization. The king ruled by fiat. literary. Although real names aren’t attached, criminals become vulnerable when they try to cash out their crypto into dollars, euros, or another traditional fiat currency.

Why does a government issue fiat money from one generation to another?

An infinite sequence of generations allows a government to issue fiat money handed from one generation to another. It is an a priori fiat of the design of the logical language that individual constants pick out particular individuals with absolute consistency. Yet his unchecked authority enabled him to overcome suspicions by fiat.