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
If you really wanted to learn more instead of just preaching your preconceived ideas, then you would start with an open mind instead of a fixed premise that "fiat is doomed to fail". That already shows you are an extremist and likely uninterested in a rational conversation. The reality is the gold standard did fail because there simply was not enough to go around and the money supply had to expand beyond the physically mined supply. Sure there have been fiat currencies that failed, as there have been many cryptocurrencies that have failed, but there are others that have lasted centuries and served their population very well in that time and are likely to continue that path.