Hyperinflation, Money Demand, and the Crack-up Boom

Murray N. Rothbard, in his famous essay The Case for a 100 Percent Gold Dollar, wrote the following:

“I am not saying that fiat money, once established on the ruins of gold, cannot then continue indefinitely on its own. Unfortunately … if fiat money could not continue indefinitely, I would not have to come here to plead for its abolition.”