Look around. Life is becoming unbearable for most people. Even those that considered themselves middle class struggle more every day. The Fed is technically insolvent. The US pays more interest on their debt than they spend on their military (which is by far the largest in the world). I think we will see the consequences of all this sooner than most people can imagine today.
Discussion
Fiat is a tool for value extraction. It did exactly this.
The experiment would have failed if it was run by society and not by parasites pretending to represent society.
Fiat is the modern whip of slavery.