Honestly fiat currency is awesome when the government doesn’t hate its own citizens. Worked great for the Third Reich for example.
The problem isn’t “fiat”.
Discussion
Similar to power. When wielded by the hands of a benevolent king, it's wonderful. We seldom get that.
History has taught us, it's better that the state never has that power.
So did Lord of the Rings. 😉
“If we have power, then our enemies can take it from us and use it against us. So we have to intentionally cripple ourselves and make ourselves weak.”
“What if someone with power shows up and attacks or takes over?”
“…”