The worst part of it is that you can prop the economy up for an even more severe fall in incremental steps by issuing more cheap credit by printing fake money. It is amazing how many times people will stand by while the same scam is run over and over again on them.
Fiat currency is a blight on the planet like athlete's foot of the wallet. It eventually ruins everything it touches.
Sane money is money backed by metal. Insane money isn't backed by anything. All fiat economies are bridges built over thin air using dreams and lies. Sooner or later, gravity will take over.