See above. Looks like Helicopter Ben is another drunk talking about "fiat money" who needs a ride home from the bar.
Oh goody... "Last Call!!!" :-)
Don't misunderstand, please... I'm not denying the terminology, nor its accuracy. I'll even use it myself: Most money in the world can be called "fiat money". OK... of course it is.
And yes... there can be disastrous monetary policy that can happen. So? A bigger disaster would be shackling the price of a dollar to some amount of metal.