1. He stated that deflation is always reversible under a fiat money system. 2. The term'fiat money 'was used in the resolutions of an 1878 party convention. 3. Without real estate backing the currency it became worthless fiat money . 4. Kublai Khan is considered to be the first fiat money maker. 5. From this point, the international monetary system was made of pure fiat money . 6. Today all circulating coins are made from base metals, known as fiat money . 7. BitX facilitates bitcoin storage and transactions through their exchanges between fiat money and bitcoin. 8. Fiat money and credit whose values were determined by anarchic market forces are abolished.9. According to proponents of modern money theory, fiat money is also backed by taxes. 10. This is the opposite of what many people believe about the creation of fiat money .
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