> It is at the whims of whoever decides the interest rate. Which is precisely what makes it a fiat currency - its value is determined by a government entity.

> It is at the whims of whoever decides the interest rate. Which is precisely what makes it a fiat currency - its value is determined by a government entity. > A US Government 10 yr bond currently yields 0.91%, and has been falling consecutively since its peak in 1981. You know there are other fiat currencies right? > not sure how you determined there is much utility in using it for saving. "store of value" doesn't mean simply saving, it means the asset doesn't depreciate. The alternative to a fiat currency is to hold your goods as is and barter them, which relative to a fiat currency is a bad idea. Your cow eventually dies, your milk eventually soils, your tree eventually dies, etc. etc. In other words those assets all eventually depreciate to zero.