I would like to learn more about fiat and why a fiat standard is doomed to fail. I am a complete newbie in everything economics.
Video sources are preferred but also quality tutorials are ok.
How is fiat created? Why is it debt-based? How does it create inflation? How do banks, central banks and world governments manipulate all this?
Why was the gold standard better, and what could happen under a bitcoin standard?
Bear with me, I dont know much about this thing. What would you suggest for a newbie who doesnt know much about the topic to do. The terminology will also probably be completely new to me.
THX