Post
Topic
Board Economics
Merits 1 from 1 user
Fiat Currency Always Fails
by
BobK71
on 03/04/2018, 20:42:24 UTC
⭐ Merited by Hydrogen (1)
See:

There Is No Escaping History.  Fiat Currency Eventually Fails.

Notice that this is a critique of fiat money -- not a critique of state-issued money under a gold/silver or other standard.  Fiat money is a rare occurrence in modern history.  (We live in strange times!)  As we can see, the examples found by the author are a small number of short periods here and there.

I have my own critique of gold/silver standards, but that's another issue.