avatarJonica Bradley (Am I paranoid or RU following me?)

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Abstract

ility of the issuing government, rather than the worth of a commodity backing it as is the case for commodity money. Most modern <a href="https://www.investopedia.com/terms/p/paper_money.asp">paper</a> <a href="https://www.investopedia.com/terms/c/currency.asp">currencies</a> are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.</p></blockquote><blockquote id="b2de"><p><b>KEY TAKEAWAYS</b></p></blockquote><blockquote id="59fb"><p>Fiat money is a government-issued currency that is not backed by a commodity such as gold.</p></blockquote><blockquote id="b652"><p>Fiat money gives central banks greater control over the economy because they can control how much money is printed.</p></blockquote><blockquote id="9cc2"><p>Most modern paper currencies, such as the U.S. dollar, are fiat currencies.</p></blockquote><figure id="20e5"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*udUWrTImvLnnfLOyR-dPyg.jpeg"><figcaption>Image by <a href="https://pixabay.com/users/nikolayfrolochkin-2231981/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1362243">NikolayFrolochkin</a> from <a href="https://pixabay.com/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=1362243">Pixabay</a></figcaption></figure><p id="c6ec">Maybe it is because I’m a wordsmith but I love words with more than one definition. Also, maybe all the extra studying has taken up space in my brain and I am unable to be creative with my theme challenge today. Whatever it is, Fiat is the word of the day.</p><p id="d3c9">Use whichever definition candies your underwear. As long as your story is <b>exactly 50 </b>or <b>exactly 100</b> words, you’re good.</p><p id="5a79">Please choose <b>either</b> the 50-word <b>or</b> 100-word challenge, not both. See the guidelines for your chosen challenge below.</p><div id="8ef3" class="link-block"> <a href="https://readmedium.com/50-words-submission-guidelines-86eb3008735"> <div> <div> <h2>50 Words Submission Guidelines</h2> <div><h3>Welcome to THRIFTY WORDS. TBI aim to provide a home for all microfiction consisting of 50 words and no more.</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/1*hzLO-qZ6gnaSLhG20X5UWg.jpeg)"></div> </div> </div> </a> </div><div id="5ea1" class="link-block"> <a href="https://readmedium.com/100-words-submission-guidelines-6b5a7086e6ad"> <div> <div> <h2>100 Words Submission Guidelines</h2>

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    </div><p id="819f">Remember, in order to be considered for the challenge, you need to write <b>exactly</b> 100 <b>or</b> 50 words (contractions such as ‘you’ll’ and ‘y’all’ count as one, as do articles ‘a’ and ‘the’ ‘and all 23 auxiliary verbs ‘am’ ‘is’ ‘are’ etc. Hyphenated words count as one word.) The editors reserve the right to add or remove words to ensure the exact word count.</p><p id="2789">Please use the kicker <b>100</b> <b>WORDS or 50 WORDS </b>and ‘<b>Thrifty Words 100 Challenge #12:Fiat or ‘Fifty Word Challenge #33: Fiat’ </b>as your subtitle and submit by 6:00 pm.EST<i> </i>on Friday, 16th April. All stories submitted by the deadline will be released the following morning in the weekly roundup.</p><p id="473e">A reminder: we will only publish one story per author to the roundup. If you submit more than one story, it is most likely that the first story submitted will be chosen for the roundup. You may submit Thrifty Word stories outside of the theme challenge anytime. They will be published in the Thrifty Words section but not included in the theme challenge roundup.</p><p id="bb45">Don’t forget, there’s still time to submit your entry into the Incite Change Essay Contest for a chance at first (and only) prize: $10.00.</p><div id="55d2" class="link-block">
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    </div><p id="685f">For exclusive content, please visit our Ko-fi page (maybe leave a little donation to help support our editors and to fund future prize money)</p><p id="0728"><a href="https://ko-fi.com/thebadinfluence">https://ko-fi.com/thebadinfluence</a></p><p id="02f0">Our editors:</p><p id="1492"><a href="undefined">Reuben Salsa</a>, <a href="undefined">Marla Bishop</a>, <a href="undefined">Melissa R. Mendelson</a>, <a href="undefined">Marilyn Flower</a>, <a href="undefined">Chris Hedges</a>, <a href="undefined">Edward Anderson</a>, <a href="undefined">Demeter deLune</a>, <a href="undefined">Jonica Bradley</a></p></article></body>

50 Words 100 Words

By Royal Decree

Thrifty Words 50 #33 & 100 #12: Fiat

Royal decree from King Carl Johan of Sweden, warning the Norwegians against the repercussions for illegaly celebrating the 17th of May (Constitution Day) in 1828. Rescript from the Parliamentary Archives, Oslo. Photo by Bjoertvedt on Wikimedia

I’ve been studying a lot lately. I’ve gone “back to school” to learn as much as I can about the financial market. Investing, the language surrounding investing, and cryptocurrency. I see cryptocurrency as the future of money.

There are so many words that appear to be English, but in investment jargon do NOT mean what they usually mean. Candlestick, for example, is not something in which you place a candle, but a fancy word for a specific type of graph.

Another word I recently learned is fiat. I mean, I know what fiat means, by declaration or decree, and I know what a Fiat is. My family had one when we lived in Germany after the bottom rusted out of the Citroen.

Photo by Janko Ferlič on Unsplash

According to Merriam Webster, fiat has 3 definitions.

1: a command or act of will that creates something without or as if without further effort

according to the Bible, the world was created by fiat.

2: an authoritative determination: DICTATE

a fiat of conscience

3: an authoritative or arbitrary order: DECREE

government by fiat

The meaning of fiat as applies to my recent studies is Fiat Money.

According to Investopedia What Is Fiat Money?

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it. The value of fiat money is derived from the relationship between supply and demand and the stability of the issuing government, rather than the worth of a commodity backing it as is the case for commodity money. Most modern paper currencies are fiat currencies, including the U.S. dollar, the euro, and other major global currencies.

KEY TAKEAWAYS

Fiat money is a government-issued currency that is not backed by a commodity such as gold.

Fiat money gives central banks greater control over the economy because they can control how much money is printed.

Most modern paper currencies, such as the U.S. dollar, are fiat currencies.

Image by NikolayFrolochkin from Pixabay

Maybe it is because I’m a wordsmith but I love words with more than one definition. Also, maybe all the extra studying has taken up space in my brain and I am unable to be creative with my theme challenge today. Whatever it is, Fiat is the word of the day.

Use whichever definition candies your underwear. As long as your story is exactly 50 or exactly 100 words, you’re good.

Please choose either the 50-word or 100-word challenge, not both. See the guidelines for your chosen challenge below.

Remember, in order to be considered for the challenge, you need to write exactly 100 or 50 words (contractions such as ‘you’ll’ and ‘y’all’ count as one, as do articles ‘a’ and ‘the’ ‘and all 23 auxiliary verbs ‘am’ ‘is’ ‘are’ etc. Hyphenated words count as one word.) The editors reserve the right to add or remove words to ensure the exact word count.

Please use the kicker 100 WORDS or 50 WORDS and ‘Thrifty Words 100 Challenge #12:Fiat or ‘Fifty Word Challenge #33: Fiat’ as your subtitle and submit by 6:00 pm.EST on Friday, 16th April. All stories submitted by the deadline will be released the following morning in the weekly roundup.

A reminder: we will only publish one story per author to the roundup. If you submit more than one story, it is most likely that the first story submitted will be chosen for the roundup. You may submit Thrifty Word stories outside of the theme challenge anytime. They will be published in the Thrifty Words section but not included in the theme challenge roundup.

Don’t forget, there’s still time to submit your entry into the Incite Change Essay Contest for a chance at first (and only) prize: $10.00.

For exclusive content, please visit our Ko-fi page (maybe leave a little donation to help support our editors and to fund future prize money)

https://ko-fi.com/thebadinfluence

Our editors:

Reuben Salsa, Marla Bishop, Melissa R. Mendelson, Marilyn Flower, Chris Hedges, Edward Anderson, Demeter deLune, Jonica Bradley

The Bad Influence
Theme Challenge
Thrifty Words Challenge
Fiat
Fiat Currency
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