The link to chart shows that world’s experience with fake, aka “fiat,” money for the period 1950 to 1990 has been a disaster for ordinary people.
You can be certain the money is all fake because real money does not have counterparty risk.
Argentina, on this writing 5/31/02, is experiencing yet another currency collapse.
Argentinians don’t know that the source of their problem is that their money is no good, i.e., it fake.
Why do countries misplace their faith in fake money?
The result is fake pensions, fake annuities, fake insurance, fake savings, fake everything that is denominated in fake money.
This chart is unlikely to appear in a major media outlet, or on the pages of a current economics textbook.
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