Banks print government credit which is the predominant form of money in a fiat economy

The problem with paper money is that if the government provides a guarantee to a company such as a bank, this is no different from allowing them to print their own currency, in economic terms. There is no reason why people will not treat government credit as though it is money. In a fiat economy government credit is money. Nothing is like money (has numismatic value) which is not a form of government credit, in the present fiat economy. Anything which has numismatic, monetary value above its intrinsic worth has some element of government credit within it, such as bank credit does. There is nothing which is money that is not a form of government credit. All money is government credit, at the present time.