And gold was awful money which is literally why we stopped using it as money. Trying to bring back a digital gold based money is just making new crap digital money.
In any case, the fact that fiat money has not been able to prevent the business cycle from creating devastating crises would seem to imply otherwise.
No. It is almost as if the two situations are not related.
Some nice graphs from Ray Dalio that show it plotted out for various currencies throughout history if you scroll down: https://www.principles.com/the-changing-world-order/#chapter...