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The problem with fiat currencies is that there is just a little too much temptation to print a truckload when there are "emergencies". This often causes hyperin
by simula67 7y ago
The problem with fiat currencies is that there is just a little too much temptation to print a truckload when there are "emergencies". This often causes hyperinflation or massive inequality leading to the rise of populism and democratic backsliding.
- Gpetrium 7y agoPrinting a truckload of currency is often a byproduct of populism. Even without fiat currencies, governments would simply use other methods to debase the value of their coins [1] [1] https://en.wikipedia.org/wiki/Methods_of_coin_debasement https://en.wikipedia.org/wiki/Methods_of_coin_debasement