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Deflation is, to some extent at least, a solvable problem. If nothing else you use a commodity peg for a fiat currency and then just change the peg. The ultimate issue is that as a currency is successful you will inevitably end up with more and more demand for that currency. That, in turn...

No, commodity based currencies have just always failed and constantly led to strategically stupid wars. Not to mention that no commodity exists today that could actually back a global currency at a useful scale and consistency. Fiat currencies have issues, but the relative issues of fiat vs...

The US government only accepts payment in US dollars, only borrows in US dollars, and will only pay (at least at any kind of scale/as general policy) in US dollars. That sets an inherent floor on the value of the dollar that no other currency has. If you are a US company then you are going to...