[AdamSelene235]

Hmmm... seems like the author is taking the evil fiat money in return for his book. What's up with that?

Its a crime to refuse fiat. That's what fiat means, get it?

[antidisestablishment]

There are legal ways to purchase (trade) without using FRNs, so let's not banter semantics. The truth is that any monetary system is dependent on the consumer's willingness to participate in the system. The majority of people don't even understand the concept of specie and they trust the government to protect our financial system. (This is the real concept of fiat: it is not the law, but the trust in the issuing government.)

Short of outlawing credit, even a return to the gold standard would make little difference except for those who own gold. Our entire economy is driven by debt and the level of investment that we now have is not possible under a specie system. Our money supply is so inflated that any specie would be set on an exponential path of inflation and regulation—not to mention the problems of supply and market fluxuations.