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<p>[QUOTE="TheCoinGeezer, post: 1331457, member: 34700"]I've lived in South American countries that were experiencing bouts of hyperinflation and, for the most part, life went on as normal.</p><p>Fiat currencies will always fail. The temptation to over-inflate is just too tempting to politicians seeking the easy way out.</p><p>As other have pointed out, currency can be backed by things other than PMs.[/QUOTE]</p><p><br /></p>
[QUOTE="TheCoinGeezer, post: 1331457, member: 34700"]I've lived in South American countries that were experiencing bouts of hyperinflation and, for the most part, life went on as normal. Fiat currencies will always fail. The temptation to over-inflate is just too tempting to politicians seeking the easy way out. As other have pointed out, currency can be backed by things other than PMs.[/QUOTE]
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