I don't like fiat money but wouldn't money tethered to an actual value store like silver or gold limit credit and future spending? Or is that some fiat-propaganda I've fallen for?
Can’t over inflate something that is impossible to over inflate.
That said, historically this ‘problem’ would be solved by conquering a neighbor or new land and stealing all their gold/silver, or debasing the currency bit by bit through slicing bits of metal off coins or melting impurities into them.
It's bullshit used to excuse and justify Fiat money.
There is no reason for a dynamically expanding money supply to exist (or even an expanding money supply at all).
Ultimately what actually matter is the goods and services being bought and sold, their price in whatever currency you use is irrelevant because the actual value remains the same.
> There is no reason for a dynamically expanding money supply to exist
This has been known since at least Sumer. The consistency of weights of measure is vital for a fair, durable, sustainable economy. Adjusting the ruler of trade only benefits the adjuster.
Can’t over inflate something that is impossible to over inflate.
That said, historically this ‘problem’ would be solved by conquering a neighbor or new land and stealing all their gold/silver, or debasing the currency bit by bit through slicing bits of metal off coins or melting impurities into them.