Fiat money isn't new, in general the transition between hard money (gold/metal), paper money, and fiat is cyclical. The transition from fiat to hard isn't alwa

Fiat money isn't new, in general the transition between hard money (gold/metal), paper money, and fiat is cyclical. The transition from fiat to hard isn't always pleasant. Some nice graphs from Ray Dalio that show it plotted out for various currencies throughout history if you scroll down: https://www.principles.com/the-changing-world-order/#chapter3 https://www.principles.com/the-changing-world-order/#chapter...