When it comes to money being able to be printed a good thing. Here’s some problems with printing money with no value to back it up: money doesn’t exist anymore. It has no safety net and if a guy feels like printing some of it in large quantities, inflation goes making salaries go down, not only because your money has less value, but also because, to cut the extra costs, companies find scummy ways to reduce salaries. Political parties also use it as a scummy way to get people to vote for them, because people, who unfortunately aren’t educated on this, will always take free stuff. There are some pros to it though that make it awesome, especially for a capitalistic society: while economy is technically more at risk, unless some anarchy group starts taking over entire nations, it also grows much easier. With the gold standard, economy can’t really grow, unless you find more gold and we still will get to a point that it won’t be enough (also let’s not forget that to find more gold, we would need gold and the rarer it gets to find it, the more gold it costs to find extra gold). Banks also get access to fractional shares, things like investing stocks is way easier to do and you don’t need to find places to store the physical gold. As long as the higher powers don’t screw around too much, fiat money is better for the economy. However I suggest to people who got more money than average people to not only invest in stocks in the long run, but also buy some pure physical gold/silver. It’s good to have as an hedge against extreme inflation or tough times.
