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fiduciary currency |
Also found in: Financial, Encyclopedia, Wikipedia | 0.03 sec. |
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In order to fund those grandiose designs, Washington is not content to plunder the existing wealth of its living subjects, but is also making debtors of generations yet unborn through the deficit spending made possible through the Federal Reserve's fiat currency system. Unlike other countries that are constricted by issues such as balance of payments and debt, the United States developed a system whereby it issues a fiat currency that the rest of the world must use. com, allows consumers to conduct limitless transactions over the Web using gold - a time-honored asset - instead of fiat currency. |
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