> The reason fiat money works It also worked before the US went to a fiat currency in 1971 when Nixon took us off the gold standard. It also allowed for massiv

> The reason fiat money works It also worked before the US went to a fiat currency in 1971 when Nixon took us off the gold standard. It also allowed for massive deficits because before they couldn't spend what they didn't physically have and now they can just print it without gold backing it.