[quote=markmax33]Yes every time. The average currency has lasted 27 years. The other ones that haven’t busted aren’t old enough. Name a currency that’s lasted since the 1800s. EVERY TIME. Please go find one.[/quote]
British Pound. (I win!)
I found the study you cite. It contains this tidbit that sort of makes your argument a bit silly.
According to a study of 775 fiat currencies by DollarDaze.org, there is no historical precedence for a fiat currency that has succeeded in holding its value. 20 percent failed through hyperinflation, 21 percent were destroyed by war, 12 percent destroyed by independence, 24 percent were monetarily reformed, and 23 percent are still in circulation approaching one of the other outcomes.
So 1 out of 5 fiat currencies fail due to hyperinflaction. 80% disappear for reasons unrelated to the currency. So not only is there no causality, there’s not even a high correlation between fiat currency and government failure. And roughly 160 are STILL in use which means they have NOT failed.!
