Militarily robust sovereignty is necessary but not sufficient for the integrity of a fiat currency.
Governments such as Iceland borrow military power through international agreements.
Governments such as Iceland borrow military power through international agreements.
Do you agree that defense against invasion requires an adequate military or agreements with nations with adequate militaries?
If we agree on those two claims, it seems we must agree that militarily robust sovereignty is necessary but not sufficient for the integrity of a fiat currency.