That is an opinion editorial by way of Andrew Hetherington, a contributor to Bitcoin Mag.

Because the Nixon Surprise of 1971, wealth inequality has soared to ranges no longer observed in over a century. The greenback used to be now not redeemable for gold however used to be as a substitute subsidized most effective by way of religion. With out the restrictions of a subsidized foreign money, the ones in energy got the chance to create as a lot fiat foreign money as they desired, with little to no end result. Destined to lose religion because of abuse, fiat foreign money used to be doomed from inception.


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