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> A fiat currency will only collapse if you lose faith in the state and the ability of the judicial system to enforce repayment. My point was that fiat currenc
by jmstfv 5y ago
> A fiat currency will only collapse if you lose faith in the state and the ability of the judicial system to enforce repayment.
My point was that fiat currencies live and die by the trust in governments that issue them. "Full faith and credit".