> These are the results of a corrupt system, not because of the existence of fiat currency or central banks. Without the ability to print money we wouldn't hav

> These are the results of a corrupt system, not because of the existence of fiat currency or central banks. Without the ability to print money we wouldn't have to wish for a unicorn - a non-corrupt system. The banking/mortgage problem in 2008 only happened because everyone involved knew we'd bail them out, because we could. Whereas if we couldn't we'd have recovered the lost funds from the guilty parties. The existence of an easy out practically guarantees that the government will take it. > And you make 20 times more of it. And what you had from before is nearly worthless. Yes, inflation keeps people on their toes because they need to work today to eat today, but I'd keep you on your toes if I stole your car too, you'd have to really be productive to break even! That's a broken window fallacy with the twist of slightly breaking everyone's window. As a currency, fiat is an absolutely stupid idea. So stupid that they had to make specie ownership illegal to force people to play along. Yes, I understand it gives the country great options. But so does conscription... > Please, there was theft and fraud when we were trading piles of grain and goats. Only fiat inflation lets a thief steal from everyone simultaneously. And thanks, but that's not really an answer anyways. I don't care that someone is always willing to steal from me, I care when the law says I can't attempt to avoid it.