Fiat Currency - The Perpetual GREED

The global economic landscape is primarily characterized by fiat currency systems, where the value of money is not tied to any physical commodity but is instead derived from the trust and confidence of the people using it. While fiat currency has facilitated flexibility in monetary policy, it has also given rise to interconnected challenges such as inflation, income disparity, and the emergence of crony capitalism. This essay explores the intricate relationship between fiat currency economies, inflation, income inequality, and the specter of crony capitalism.