omyoiyok on Nostr: Fiat money is currency issued by the government that is not backed by physical ...

Fiat money is currency issued by the government that is not backed by physical commodities, such as gold or silver, but rather by the trust of the public in that government.

Fiat money gives central banks greater control over the economy as they can regulate how much money is printed and in circulation.

This can affect economic variables like credit supply, liquidity, interest rates, and inflation.

🤙Stay Safu!
Prepare for contingencies, invest in assets, and don't hold onto fiat for too long.