Can't tell if you guys are being facetious or not. The fiat model parallels the currency debasement in ancient Rome pretty well, and it'll probably have similar results.
No it doesn't. Besides the fundamental economic rules of supply and demand, there is absolutely nothing we can learn from looking at ancient Rome that is relevant to the modern world. And honestly, you look really foolish trying to draw a parallel between such a primitive society and anything post-industrial.
It arises out of a recognition that the basis of prior financial obligations on expected return was false.
Options are debt repudiation, inflation, debasement, or collapse.