[1996]

> Government backed currencies have similarities, but instead of mining the earth, a government (or corporation in the case of company stores) can "mine" its coercive power to produce more currency.

The solution is software limitations, as found in crypto, which can implement a fixed inflation schedule, as was proposed by some economists.

One government could try to force a change, but the coordination problem of getting all to force the same change means it will not happen.