Why fiat money fails

A valuable summary (pun intended):

One of the “causes” of socialistic thought is that the rich really do get richer and the poor really do get poorer in a capitalistic society that uses fiat money as opposed to a monetary unit that is tied to a standard measurement for its monetary value. A standard measurement of length (12 inches to the foot) ensures everyone a measurement that cannot be altered and used to swindle or deceive people in transactions as time goes on. A fiat money system negates a standard of monetary value or worth. The new money injected into the economy upsets and distorts the old monetary standard that existed before the new issuance of money.

Paper money and government spending are the culprits in the destruction of the lower and middle wage earners standard of living. The table below shows how lopsided and inefficient this system has become.

These glaring statistics below are an indictment of fiat money and waste in government. The Median Household Income has been left behind by the U.S. policies fostered on the population by both liberal and conservative politicians. This has allowed the insane policies of Communism, Socialism and Fascism to gain ground in the intellectual arena. Note: these other “isms” create even more fiat money and waste!

Read the whole thing. Just as no government should be able to set the limits of its own power, no government or bank should be allowed to create 'money' at will.