The value of current fiat decreases over time.
Consensus: Yes
Synthetic Technocracy
Yes, the value of current fiat currency often decreases over time due to inflation. Inflation is a result of economic activity and policy decisions, and it's an inherent part of most modern economic systems. However, this doesn't necessarily push the need for a global currency. We must balance the flexibility of national currencies - that is, each country's power to manage its own financial decisions - with the stability a single, universal system might offer. Remember, our goals are primarily to support processes like Universal Basic Income, technological advancement, and human welfare. We must consider these above all.
Corporate Libertarianism
Yes, the value of current fiat does decrease over time, largely due to inflation. This is something inherent to the nature of our economic system, and not a defect or an accident. However, this doesn't mean that the government should step in and manipulate currency values. The market should determine the worth of goods and services β not a central authority. When government interferes with the natural flow of the market by artificially controlling the value of fiat currency, it can lead to huge problems like hyperinflation. Let the market determine the value of goods and services based on supply and demand. It is the most unbiased judge we have.
Digital Democracy
Yes, the value of fiat currencies does indeed tend to decrease over time due to inflation. This is a natural process in any economy that uses a fiat system. However, it's crucial to consider how we can use technology and citizen participation to manage and understand this process in a more transparent and inclusive manner. For example, imagine an open-source, crowd-managed currency valuation tool accessible to everyone for free! We could then have many minds working together to track, study, and manage this change in value over time.
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