I'd buy that. There was a pretty solid period in the United States from 1945 (postwar)-say the mid seventies. Not perfect times financially but really no crashes. Maybe back to your point the working class had grown up in the biggest financial crash as we see it today in the last 100 years. There sure were a lot of collapses and again, I think they are to a degree fixed collapses, if not intended pullbacks in capital that goes horribly wrong.
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Yes. That makes perfect sense. The huge pile of Fiat money will get converted into tangible assets when people lose their homes. The disgusting punks responsible should be put against a wall IMHO.
In my opinion there is no such thing as fiat money, there is always something fundamental of value or incentive backing any currency seen of any value. In my opinion the most basic backing of any currency in the physical force that can be put in place to enforce its viability. Then you go further and get levels of production amongst the holders, consumer confidence, etc.