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I agree. Without fiat currency, the US would have crumbled into a pile of blood soaked rubble.

• cheeseomlit 8y ago
  Can't tell if you guys are being facetious or not. The fiat model parallels the currency debasement in ancient Rome pretty well, and it'll probably have similar results.
  • dredmorbius 8y ago
    Inflation is a symptom, not a disease. It arises out of a recognition that the basis of prior financial obligations on expected return was false. Options are debt repudiation, inflation, debasement, or collapse.
  • tootie 8y ago
    No it doesn't. Besides the fundamental economic rules of supply and demand, there is absolutely nothing we can learn from looking at ancient Rome that is relevant to the modern world. And honestly, you look really foolish trying to draw a parallel between such a primitive society and anything post-industrial.
  • deleted 8y ago
    [deleted]