Aristole was one of the first to recognize the truth that economics are a product of ethics. This means before any macro, there are morals. Meaning in order to understand the whole of economics we start from the ethics. When we start from ethics, we have an objective moral substrate to hang economics on. that means we do not have a relativistic moral framework. We don’t get to say “good for them, bad for me” fiat and bitcoin both fulfill all the functions of money. they store value, are exchanged for value, and price value. they both fulfill money’s final end of forming the bonds between humans socially at scale. They both work as money. one is evil, one is just fiat doesn’t “lose value” like a leaky bucket. Fiat extracts value out of monetary objects and redistributes it to the ones debasing the money. That’s what it does structurally by design. It doesn’t just happen passively, each of us actively participates by using fiat. We are both the abused and enablers of the abuse. “broken” factors out the moral necessity “broken” assumes a speculative fantasy about man’s relation to reality and one another. that’s a fiat philosophical framework that is logically invalid hope that makes sense or is useful.

in your car example, fiat makes you the engine, you are driving around those who control the money printer. the car isn’t broken the engine isn’t broken the money isn’t broken the fist momentary system is objectively evil driver, car, engine and all we don’t like being the engine, being abused, and it’s tempting to want to think it’s just happening to us, and not account for our role as participant. thankfully we have bitcoin and can opt out entirely and use money that is objecricdly aligned with human nature