“In the absence of a way to literally fix the money supply, controlled debasement seems to be the better option as compared to chaotic debasement. That's why economists and central bankers like to point to the bank runs of old as arguments in favour of central banking.

Bitcoin fixes this by fixing the money supply. For the first time in history.”

https://www.fixthemoney.net/p/the-fiat-oligarchy-of-today-will