For all the nice things technology can bring one of the down sides of having a computer in your pocket is, it can become far too distracting. No matter what city I have visited in the past couple of years a walk down a crowded city street you are confronted with almost everyone under 30 with an ear piece or headphones. If they don’t have that then there is a phone to an ear while walking or texting waiting for the light to change at a crossing. Today if you have to line up for anything regardless of where it might be. Such as a movie theatre or just waiting to be served at a bank. Instinctively all the phones will come out & they start playing, strange behaviour that resembles some sort of high tech security blanket a child needs to keep them calm. That seems to be the Teen insecurity of today, unless they have a mobile device clutched firmly in hand when in a static position they feel naked.
The simple ansewr is that the value of the currency appreciates or things become cheaper. The problem with that is you need smaller and smaller units of currency for the really cheap things, or small transactions may not happen at all.If the value of a currency is going to depreciate, our salaries would decrease, or at least increase very slowly. But inflation wouldn’t be such a big issue and standard of living would be better.The other arguments against say a gold standard are that the supply is not controlled and could suddenly shoot up and cause all kinds of asset bubbles. Ahem, I don’t see the need to respond to that Fiat money’s main advantages are political. It helps government launch beneficial schemes, and in rare cases like the US, run up trillions of dollars of deficit.