Fiat (Latin for "let it be done") is a theoretical construct in policy debate—derived from the word should in the resolution—whereby
the substance of the resolution is debated, rather than the political
feasibility of enactment and enforcement of a given plan, allowing an affirmative team to "imagine" a plan into being.
For example: a student at a high school debate argues that increases in United States support of United Nations peacekeeping may help to render the United States more multilateral. Such an increase is very unlikely to occur from the debate judge voting affirmative, but fiat allows the student to side-step this practicality, and argue on the substance of the idea, as if it could be immediately enacted.
There are different theories regarding fiat:
"Normal Means"—Going through the same political process comparable with normal legislative processes. There is no overarching, accepted definition of the legislative pathways which constitute "normal means," but clarification about what an affirmative team regards as "normal means" can be obtained as part of cross-examination by the negative team.
Fiat money has been defined variously as:
While gold- or silver-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of gold or silver, fiat money's value is unrelated to the value of any physical quantity. Even a coin containing valuable metal may be considered fiat currency if its face value is higher than its market value as metal.
The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then, all reserve currencies have been fiat currencies, including the U.S. dollar and the Euro.
For example: a student at a high school debate argues that increases in United States support of United Nations peacekeeping may help to render the United States more multilateral. Such an increase is very unlikely to occur from the debate judge voting affirmative, but fiat allows the student to side-step this practicality, and argue on the substance of the idea, as if it could be immediately enacted.
There are different theories regarding fiat:
"Normal Means"—Going through the same political process comparable with normal legislative processes. There is no overarching, accepted definition of the legislative pathways which constitute "normal means," but clarification about what an affirmative team regards as "normal means" can be obtained as part of cross-examination by the negative team.
Fiat money has been defined variously as:
- any money declared by a government to be legal tender.
- state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.
- money without intrinsic value.
While gold- or silver-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of gold or silver, fiat money's value is unrelated to the value of any physical quantity. Even a coin containing valuable metal may be considered fiat currency if its face value is higher than its market value as metal.
The Nixon Shock of 1971 ended the direct convertibility of the United States dollar to gold. Since then, all reserve currencies have been fiat currencies, including the U.S. dollar and the Euro.
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