That’s not true. Fiat money is money created and managed by a government. We need separation of State and Money.
from The American Heritage® Dictionary of the English Language, 5th Edition.
<span style="color:#323232;">noun Legal tender, especially paper currency, authorized by a government but not based on or convertible into gold or silver.
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from Wiktionary, Creative Commons Attribution/Share-Alike License.
<span style="color:#323232;">noun economics Money that is given legal value or made legal tender for money debts by government fiat.
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from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
<span style="color:#323232;">noun money that the government declares to be legal tender although it cannot be converted into standard speci
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