The fiat standard fuels government overreach from "summary" of The Fiat Standard by Saifedean Ammous
The fiat standard is a system in which the value of money is not tied to any physical commodity, but is decreed by governments. This gives governments the power to create money out of thin air, which they can then use to fund their activities. The ability to print money at will is a seductive power for any government, as it allows them to spend without limit. The problem with this is that when governments have the ability to create money at will, they have a strong incentive to overspend. This can lead to inflation, as the increased supply of money reduces its value. Inflation is e...
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