So the dollar fiat standard has broken down, but the dollar, people will hold dollars.

美元标准体系已经崩溃了，但美元依然有它的价值，人们依然会持有美元。

youdao

This massive fiat money inflation has negatively affected the standard of living of all Americans.

这种大规模的货币通胀的负面影响所有美国人的生活水准。

youdao

This mongrel mix between the classical gold standard and a fiat paper regime was at root unstable and unsustainable.

FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt

With the outbreak of World War I (1914) the central banks of most major countries abandoned the classical gold standard and began issuing fiat paper money.

FORBES: Gold, Reagan and the Reds: From Degraded Dollar to Downgraded Debt

James Madison, the chief architect of the U.S. Constitution, recognized the problem with discretionary government fiat money and the benefit of a commodity standard and convertibility long ago.

FORBES: The Federal Reserve's Flawed Approach To Monetary Policy