This is actually completely backwards. Fiat money decreases standard of living by encouraging consumption and discouraging savings and investment.

> This is really easy to understand from first principles. If the total value of the world increases and there is only a fixed amount of either gold or bitcoin, or any finite thing to represent it, it's obvious that whoever has that asset today has to do nothing for it to grow. Just sit on it indefinitely and people will give you more value for the same amount.

Yes, as opposed to a depreciating currency where people continually give you less and less value for the same amount.

> On the other hand if the value of the world is represented in USD and the feds keep print more money, you can’t just sit on the money you have today and expect it to be worth more. You have to put it back in the value creation system for it to grow in value.

So people have to keep increasing their prices or they starve to death, how is this supposed to help the people with the least amount of money?

> Fiat currency is much better because you can print more money to keep up with the world's total value.

Thats why the poor stay poor and the rich keep getting richer. The rich own the assets, and the poor get these checks of decaying currency.