Post
Topic
Board Economics
Re: Fiat Currency Always Fails
by
Bitfling
on 31/10/2018, 00:57:19 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.

Fiat currency fails because central banks always flooding supply in market. Their reason always to sustain economic growth. It will increasing inflation and people asset reduced the value.