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Sorry, I meant US dollars (the default reserve currency of the world), not Argentinian pesos. The occasional collapse of various small government currencies is
by jbooth 14y ago
Sorry, I meant US dollars (the default reserve currency of the world), not Argentinian pesos.
The occasional collapse of various small government currencies isn't really a statement on fiat currency, it's a statement on those particular small economies. For fiat currency to fail as a concept, the international reserve currency (USD for now) would have to fail.