It’s not just fiat, it’s the line go up insanity. That’s why boomers mass imported their retirement plan instead of having kids. It’s why Obama redefined the most profitable age for the government to be 8 years old instead of birth. Fiat is a symptom, mass immigration is the root. Fiat would have failed a long time ago if we weren’t mass importing cheap labor for 35 years now to pretend we have gdp growth.