The “fiat is dying” argument has become a catchphrase narrative among digital asset bulls, gold bugs, and cryptocurrency advocates. That narrative’s core is that central banks have printed vast amounts of money. The “money printing” has led to currency debasement and rendered the U.S. dollar obsolete. We discussed this “debasement” narrative previously. The narrative is seductive: inflation is out of control, the government is printing money, and the dollar is on its last legs. But while there are real risks to watch, most headlines sell fear rather than fact. It’s striking, and those selling gold, silver, or other ... (full story)