The government’s a bunch of clowns. Fiat money doesn’t exist. The zeitgeist of fiat is a shared belief in a false apparition, an ignis fatuus. To trust fiat is to trust the whims of a will-o’-the-wisp.

1%, 2%, 3%…? It doesn’t matter. As long as there’s inflation the Cantillon Effect will continue to enrich the central bankers.