Is a GM really a GM?

The Grandmaster title is one of the best titles in the world, as are IM and FM. But are these titles really worth what they used to be? When FIDE first created the GM title, they awarded it to the World Champion and all players who had played in a Candidates tournament. Pretty strict, huh? That would mean top players like Sergey Karjakin, Fabiano Caruana, and Hikaru Nakamura would be left with the IM or FM title! But now, FIDE might have overdone it. Not only do the best in the world get GM titles, "lesser" players like Yannick Pelletier, rated 200 points lower than say Hikaru Nakamura, gets the GM title too! Thankfully we have the unofficial "Super-GM" name for the truly best players in the world.

Another question is about lesser titles, and who gets them. An example is FM Awonder Liang, age 10, who is only a USCF master. And when he achieved the title, he was rated only about 2000 USCF. Don't get me wrong- he is a wonderful player, but by giving him the FM title, what about players like Kayden Troff, who earned the FM title fair and square? (Kayden is now a IM) That is devaluing the FM title. Does it make sense that a young child under 10 should get the FM title when his rating is over 300 points less than 2300?

Perhaps FIDE should make the requirements for CM, FM, IM, and GM harder. Or maybe they should make another title between World Champion and GM. Or maybe they should just let the issue be. What do you think? Please post your response in the comments! Thanks for reading!