Fiat money works because when it’s working well, it is a win win for all concerned. When it isn’t working well, it fails dramatically (Zimbabwe, Argentina, etc

Fiat money works because when it’s working well, it is a win win for all concerned. When it isn’t working well, it fails dramatically (Zimbabwe, Argentina, etc). Fiat money (or any money, for that matter)only works till it works because it’s extremely useful for all concerned, and the alternative is a PITA. The doomsday scenario is hardly a win/win.