The fiat experiment will go down in history as one of the greatest economic failures of the modern era.

For over 50 years, the global monetary system has been built on debt expansion, currency debasement and the belief that inflation is “healthy.”

That belief comes straight out of Keynesian thinking.

The problem?

Inflation is not growth.
Debt is not productivity.
Money printing is not prosperity.

Technology, AI, robotics and automation are inherently deflationary forces. They increase productivity. They reduce real costs. They make abundance possible.

In a free market with sound money, life should get cheaper over time.

Instead, what do we see?

• Housing further out of reach
• Healthcare more expensive
• Education inflated beyond reason
• Asset prices distorted
• Savings punished
• Debt normalised

Even when life improves for some, it costs exponentially more than it should relative to productivity gains.

Why?

Because the system requires inflation to survive.
Debt must grow.
Currencies must weaken.
Savings must be diluted.

When money itself is unstable, everything built on top of it becomes unstable.

This is not a political statement.
It’s a monetary one.

History will not judge the fiat era kindly.

Sound money disciplines governments.
Unsound money disciplines citizens.

And we are living through the consequences.