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> Economic systems failing in the past is not evidence that the current paradigm will fail and it’s certainly not evidence that it will fail because it’s fiat.
by doggosphere 5y ago
> Economic systems failing in the past is not evidence that the current paradigm will fail and it’s certainly not evidence that it will fail because it’s fiat.
If the reason for failure is hyperinflation, then it is a pretty concrete pattern relating to a debt crisis.
> Why?
Because state monopoly over money is not a free nor fair, and leads to an eventual weakening of money.
https://www.youtube.com/watch?v=tfba4FFErrQ https://www.youtube.com/watch?v=tfba4FFErrQ