> yeah because of egregious debt, which isn't the fault of fiat currencies or the central bank. it is main fault of fiat currencies and central banks.  who sets interest rates highly below real inflation? even if we talk about cpi. real estates? 40-50 years ago you have worked for 2-3 years to buy home. now 8-10 years and that is excluded from inflation statistics.  it is ridicolus system which has features of ponzi scheme (for instance if you bought 50 years ago land for debt you are millionare now without any work. not possible for anyone now).  > i reverting back to scarcity backed currenciesz whether its gold or cbdcs still creates more problems than it solves. i would not be sure. historically, countries/empires in their best era and fast economic growth always had stable currency which had been even deflationary.  basing currency on gold does not means amount of it have to be fixed. a state can buy more gold (or silver) depending on economic  growth and injecting it to economic system.  even if we talk about fiat money - money supply should not be provided via credit.
Poland