The typical fiat-money advocates in the United States were the "Greenbackers," who wished to retain the greenbacks issued in the Civil War and to increase the amount greatly.

They saw in paper money an unlimited source of income to the government.
They proposed the payment of the national debt, the support of the government without taxes, and the loan of money without interest to citizens.

All might live in luxury if the extreme fiat-money theorists could realize their dreams.

The depreciation that has taken place in nearly every case where government notes have been issued, the fiat-theorists declare to be due to a mild enforcement of the law of legal tender.

To them the fact that paper money may circulate for a time at par appears a reason why it always should.