Fiat currencies have many problems that is true. The problem I have with Creature and other writings of its ilk is it would supplant one form of extremism with another. Since no one alive today was alive during the last period when the dollar was backed by gold they tend to idolize a commodity or precious metals backed currency. They tend to forget that those currencies have their own problems. Namely that the boom bust cycles are just as severe only you have the added fear of a run on your currency with will automatically start a deflationary collapse.
There is nothing wrong with fiat currency, just there is nothing wrong with commodity currency. They both have pluses they both have minuses. Its all in how you manage them.
If you can’t fuck it, eat it, or use it to keep you warm, its not truly money. Fat chicks are the ultimate currency. Everything else is just a metaphor.
