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> Every fiat currency in history has failed. That's funny. The extant fiat currencies haven't failed. So, the only ones that have failed... are the failed ones
by FabHK 5y ago
> Every fiat currency in history has failed.
That's funny. The extant fiat currencies haven't failed. So, the only ones that have failed... are the failed ones. And those have failed, 100%, indeed.
- nickthemagicman 5y agoWhat's the percentage of failed to non-failed? Are we pushing close to 100% ?
- shapefrog 5y agoActually all the euro area currencies that were removed from circulation in exchange for euros; franc, deutchmark, lira etc. did not fail at all. Thus, not every currency has failed, although it could be argued that they still exist in a 'shadow' form, thus have not yet existed to the end of the infinite timeline. Either way every failed currency has indeed failed, thus every currency in the future that fails will also be considered to be a failure, maintaining the 100% record for failure.
- pbaka 5y agoBut which one hasn't failed ? All of Europe's have. All of Asia's have. The Euro is too new. Only the dollar arguably has endured the last 150 years, depending on how you consider its three redefinition with the foundation of the Fed system, then Bretton Woods and then with the abandonment of the gold standard..