31. So, unlike with fiat money , you wouldn't get an inflationary spiral, just a one time jump to a new level. 32. It adopted trade restrictions, established and maintained an army, issued fiat money , created a military code and negotiated with foreign governments. 33. Fiat money , if physically represented in the form of currency ( paper or coins ) can be accidentally damaged or destroyed.34. Instead of accruing seigniorage from fiat money and credit, most governments opt to raise revenue primarily through formal taxation and other means. 35. "' Money "'today is fiat money , a symbol of value created by the human imagination with no intrinsic value of its own. 36. Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money . 37. Most if not all currencies are in the form of fiat money ( whether they be convertible or not to a commodity ). 38. The duke of the island estate had, by discarding gold and silver for fiat money , found a way to buy whatever he wanted. 39. In 1866 del Mar was appointed as the first director of US specie money and opposed to del Mar's convictions of fiat money . 40. I have gone ahead and deleted the paragraph you tagged in the fiat money article .-Crosbie 07 : 26, 27 August 2012 ( UTC)
