Hi. I am not sure if this is a politics topic or humanity, oh well.

Anyways, I would like to hear everybody's opinion on this thing called "government fiat". What does it mean to you? Can you define it? (I tried wikipedia but it wasn't satisfactory). Also, can you give some examples of government fiat?

Here's how I define it (and you call tell me if I am wrong): government fiat refers to the inherent power government has, on the grounds of it being a legitimate governing body (due to being democratically elected by the people). Given this, can I say that when the government passed a law without giving any reason behind it JUST BECAUSE IT CAN, it is relying on government fiat as the sole rationale for passing the law? Would I be correct in saying so?

Thanks.

p.s. oh and, how do you pronounce "fiat"? Is it, fye-at, or fee-at? I have never heard it pronounced in real life.

I wish they sold Fiats in the U.S. They have some pretty cool models.

Yeah, but FIAT basically stands for "Fix it again, tony".

Ask anyone who's ever owned one, those cars get really crappy really fast.

Hi. I am not sure if this is a politics topic or humanity, oh well.

Anyways, I would like to hear everybody's opinion on this thing called "government fiat". What does it mean to you? Can you define it? (I tried wikipedia but it wasn't satisfactory). Also, can you give some examples of government fiat?

Here's how I define it (and you call tell me if I am wrong): government fiat refers to the inherent power government has, on the grounds of it being a legitimate governing body (due to being democratically elected by the people). Given this, can I say that when the government passed a law without giving any reason behind it JUST BECAUSE IT CAN, it is relying on government fiat as the sole rationale for passing the law? Would I be correct in saying so?

Thanks.

p.s. oh and, how do you pronounce "fiat"? Is it, fye-at, or fee-at? I have never heard it pronounced in real life.



What you're referring to here is more along the lines of sovereignty.

Fiat means simply a command. A government fiat is a command or decree by the government. Fiat money, for example, is money which has value based solely on the value that the government declares it to have.

It is pronounced fee-at.


...why didn't you look it up in a dictionary?

...why didn't you look it up in a dictionary?

Dont you think I looked and couldnt find anything?

I am getting sick of your attitude. You act like a cunt one more time, you go on my ignore.

Dont you think I looked and couldnt find anything?

I am getting sick of your attitude. You act like a cunt one more time, you go on my ignore.

Shit guys. I think she's serious.

As I see it government fiat could be government by order of an government officer, or a bureaucrat, or a bureaucracy, or a commission set up by the governement.

An example could be the Federal Reserve Bank having regulatory power over U.S. currency. Or a Judge that can order a person jailed for contempt and he alone can decide if a crime has been committed. Or the actions of the IRS to levy fines for non-payment of taxes. And all other hoops bureaucrats have the power to make John Q Public jump through.

fee ott

Dont you think I looked and couldnt find anything?

I am getting sick of your attitude. You act like a cunt one more time, you go on my ignore.

http://www.google.com/search?q=fiat&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a


http://www.merriam-webster.com/dictionary/fiat


http://en.wikipedia.org/wiki/Fiat_currency


3rd and 5th results, respectively.




...cunt

http://www.google.com/search?q=fiat&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a


http://www.merriam-webster.com/dictionary/fiat


http://en.wikipedia.org/wiki/Fiat_currency


3rd and 5th results, respectively.




...cunt

Fiat currency is not the same as government fiat, fag

Also, I did find the first result in google, however the answer was not satisfactory to me.
Anyways, you are ignored.

Shit guys. I think she's serious.

Just because you are short it doesnt mean you have to be nasty to everybody else to prove that you are still a man.

Just because you are short it doesnt mean you have to be nasty to everybody else to prove that you are still a man.

burn

burn

I don't normally burn people unless they offend/insult me first

Fiat currency is not the same as government fiat, fag

Also, I did find the first result in google, however the answer was not satisfactory to me.
Anyways, you are ignored.

It's the same principle. Fiat currency is one type of government fiat. The answer discovered on google was not satisfactory to you because you're an illiterate fool.

http://www.google.com/search?q=define%3A+government+fiat&ie=utf-8&oe=utf-8&aq=t&rls=org.mozilla:en-US:official&client=firefox-a

You people need to learn how to use google properly.

Just type

define: whatever you wanted defined.

It kind of stems from John Locke's Treatises on Two Governments. Locke proposes a social contract between a man and his government that says that the government is in power over the individual and as long as the government respects certain god-given rights of men (being life, liberty, and property), then governments can do pretty much whatever the hell they please. However, if the people aren't satisfied, they're completely justified in revolt and overthrowing the government. This was also the basis for the Declaration of Independence, which Thomas Jefferson pretty much plagarized Locke's philosophy