The problem with “good” fiat is that it is never good for everyone. Inflation usually hits discriminatorily. And it doesn’t last. Even the US now has high infla

The problem with “good” fiat is that it is never good for everyone. Inflation usually hits discriminatorily. And it doesn’t last. Even the US now has high inflation. The gold standard has its problems, but putting hard limits on currency creation and manipulation is prudent.