Post
Topic
Board Economics
Re: Fiat Currency Always Fails
by
blackbold
on 09/09/2018, 13:32:07 UTC
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.
i think so, because everytime fiat currency has loss their value for purchasing any things, at this time, goods are not expensive but the value of fiat currency that has decreased