The Limit of Fiat Money

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Paper isn’t money, to operate it must come with a decree or fiat. Mining for gold can be expensive. The use of a paper currency is much cheaper. Today, paper serves as a medium of exchange by way of a decree. It wasn’t selected by freely acting individuals. Deposits aren’t held in reserves. They are held as numbers digitally. Fiat money is constantly increased. This benefits the debtors at the expense of creditors.