162. Fiat Architecture with Michael Diamant
The Bitcoin Standard Podcast
The Two Dynamics of the Fiat World
Fiat is a software for denying reality and trying to impose a reality by fiat. People in government can't just dictate reality, they can make reality what they want it to be through money printing. On the one hand, we are becoming high time preference. We don't think about the future. But on the other hand, we want to indulge ourselves because we have this completely supernatural power among us which can do whatever we want. And if you question things, it's a very scary society," he says.
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