Considering that it appears that any country in history that has had a fiat currency has gone down the toilet economically.|||Wampum worked pretty well in this country for thousands of years before the white man appeared.|||There isnt. All mediums of exhange are fiat, I dont care if its paper, precious metal, or potatoes. So we change to gold....what regulates the value of that? Gold will adapt the value of whatever basket of goods its exchanged for, just like fiat paper money.|||Post hoc ergo propter hoc... huh?
You know what they call that?
The answer is no... and your assumption is false.
MOST of the countries in history that no longer exist.... DID NOT have fiat currency systems.|||A resource backed currency . Gold , silver , oil for example .|||A Zeitgeist movement.|||How about fiat credit cards?
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