ระบบเงินไร้หนุนหลัง (n.) Unbacked paper money system
The unbacked paper money system is an economically and socially destructive system- with far-reaching and harmful economic and social consequence beyond what most people would imagine. Fiat money is inflationary; it benefits some at the expense of many others; it causes boom-and--bust cycles; it corrupts the morality of society; it will ultimately end in a major bust; and it leads to overindebtedness.