bitcoin

Broken Fiat Examples. What you got?

BitcoinIsTheFuture

That's more of a money management issue than a fiat issue.

The same situation could be happening in a Bitcoin standard economy.

Some broken fiat examples that I see:

- The US banks since March 2020 don't need to have any reserves. [Zero percent](https://www.federalreserve.gov/monetarypolicy/reservereq.htm).

> As announced on March 15, 2020, the Board reduced reserve requirement ratios to zero percent effective March 26, 2020.  This action eliminated reserve requirements for all depository institutions.

- [How banks create money](https://openstax.org/books/principles-economics-3e/pages/27-4-how-banks-create-money)

- [IMF Governors Approve a Historic US$650 Billion SDR Allocation of Special Drawing Rights](https://www.imf.org/en/News/Articles/2021/07/30/pr21235-imf-governors-approve-a-historic-us-650-billion-sdr-allocation-of-special-drawing-rights)

So, at a national level the banks create more money, and internationally institutions like the IMF create more "proto-money" that is then swapped for fiat money.