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Ultimately, debt issuance and the resulting inflation will be fiat's downfall, so I get why people would say it's bad for the system.
It's always been a scam, though, and the point of a scam is to scam people out of their wealth.
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Yes that's what I meant. This debt thing actually is encouraging for fiat money's growth. The only thing I see that some currencies are victimised along the course.
China is definitely not an emerging economy anymore.