Mises Wire
Author:
Thorsten Polleit
Online Publish Date:
They come with digital transformation , i.e. the gradual transition of existing economic and social systems into the digital age, and also with digital disruption : The Fiat Money Problem Today’s worldwide paper or “fiat” money regime is an economically and socially highly problematic system—with negative consequences that created through credit expansion, and the economies’ debt burden outpaces income growth. Fiat money allows the state to become ever bigger and more powerful—at the