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by toenail 61 days ago
Fiat money is obviously more destructive, but you'd have to do some basic research to figure that out.
1 comments

Here's a thought experiment for you: if "fiat currency=bad" and "hard money=good", why did the world collectively switch? Where are all the prosperous societies that held the line?
They were forced to switch when the dominant military power decided to rugpull on August 15, 1971.
Exactly how did the US suspending conversion of its dollar to gold prevent other countries from using hard currency instead of fiat for their own?
There is an answer the crypto enthusiasts have to this, but since I'm not one of them I wouldn't do the argument justice.

The short version is, it's about control and power.