Fiat currency enables governments to create & spend money that doesn’t exist. Always ends in disaster. The only variable is how long it takes.
“Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.”
― Norm Franz
Ludwig von Mises has some great quotes as well:
“A monetary expansion results in misinvestment of capital and overconsumption. It leaves the nation as a whole poorer, not richer.”
“Continued inflation must finally end in the crack-up boom, the complete breakdown of the currency system.”