Fiat

Stupidest system ever, the fiat and fractional reserve system. Stupidest and most criminal. The introduction of new money ( backed by debt and nothing else ) continually wipes out the value of the money that preceded it, and penalizes those who save and rewards those who live on debt. Production of any product is supposed to generate wealth. Production of fiat money does the opposite.

Adding zeros does not increase value. When a house that once cost $20,000 now costs $200,000, that's not a sign of a healthy economy, that's a sign of a failing currency.

Every mechanism of a fiat monetary system benefits freeloaders, usurers, and those who are the most reckless with money- those who produce in this economy are used as collateral to arrange loans for those who waste.