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Old 22nd Jun 2020, 02:23
  #308 (permalink)  
ozbiggles
 
Join Date: Dec 2000
Location: Australia
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So you are advocating we should do what Zimbabwe does?

from one of your sources.

Loss of backing[edit]

A fiat-money currency greatly loses its value should the issuing government or central bank either lose the ability to, or refuse to, further guarantee its value. The usual consequence is hyperinflation. Some examples where this has occurred are the Zimbabwean dollar, China in 1945 and the mark in the Weimar Republic in 1923.

So again there is no such thing as a free ride. Unless you consider hyperinflation a fun thing.
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