Post
Topic
Board Economics
Re: Semantics of "fiat"
by
R2D221
on 07/02/2015, 20:50:02 UTC
So, are you disregarding the definition altogether?
No, I am saying there is a problem with the definition. [...]

Yes, but you can't arbitrarily redefine words. People need to understand each other, and that's why there are words with agreed meaning.

And the agreed meaning of “fiat currency” is “a currency which value is regulated by a government”.