Yes, I understand the extreme anti-fiat view. I've heard it from radical goldbugs & Austrians for decades. It's not supported by even mainstream Austrians or fringe-but-reputable economists. Or evidence. It's moral outrage masquerading as empirical claims. https://twitter.com/paul_btc/status/1012769551002619904 …
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Agree, though I wonder if hardcore inflation aversion can be a useful sentiment, if not a true one. https://slatestarcodex.com/2018/06/19/contra-caplan-on-arbitrary-deploring/ … The problem is finding a basis for a popular anti-inflationism that doesn't also imply crazy things like "credit is cancer"
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