link to original reddit post by /u/cnrzbk
So i've read a couple things about the regression theorem. And i understand the logic behind it but i don't understand how this theory can explain fiat money. The sources i read always states something like 'okay here is the theorem so that explains why fiat money can' t work'. But fiat money is being used for some time now. I can understand how silver or gold can be better if used as money. But i can't understand when someone refers to the theory and says 'this is why it won' t work' So what am i missing here?