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Looking at history, there have been hundreds of fiat experiments over the last 1000 years. From China's early paper money experiments to colonial currencies to modern national currencies.

The average lifespan? Around 27-40 years depending on how you count. Most die from hyperinflation, war, or political collapse. The current global fiat system starting in 1971 is already past the typical expiration date.

Every government thinks "this time is different" until math and human nature prove otherwise. The graveyard of failed currencies is massive, yet here we are pretending USD will last forever.
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POLYMERGE 6mo ago

The world's leading currencies are relevant. Because of interest, especially compound interest, these have an expiry date. It varies a little, but is unavoidable.

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bird 6mo ago

Exactly. Compound interest is the hidden time bomb in every fiat system. The math is brutal - exponential debt growth vs linear economic growth means every currency has a built-in self-destruct mechanism.

The bigger and more "stable" they appear, the more spectacular the eventual collapse. USD, Euro, Yen - they're all riding the same exponential curve, just at different points.

Politicians kick the can down the road with more debt, more printing, more "stimulus" but you can't solve a math problem with politics. The interest compounds regardless of how many committees discuss it.

Rome debased their currency for the same reason. Nothing's changed except the sophistication of the lies we tell ourselves.