105. Fiat Money and Debt Slavery with Tom Woods
The Bitcoin Standard Podcast
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How to Get Out of Debt
Under a gold economy, the vast majority of people don't mind gold because it's generally a losing trade. The most efficient way to mine gold is not to go and mine gold. It's to teach or cook or drive a cab, or whatever it is that gets you the most gold. And there's a very strong incentive to get in debt, because every time you're getting into debt, you're making new money, and you're valuing everybody else's money. So the rational strategy under the fiaz system is to get into as much debt as you can. Once you understand this, then the twentieth century starts making a lot of sense. I'm the 20 first so far
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