6min chapter

Coin Stories with Natalie Brunell cover image

Saifedean: Why Capitalism is Good and We Don't Need Expanding Money Supply, a Preview of his New Book: Principles of Economics

Coin Stories with Natalie Brunell

CHAPTER

Bitcoin: The Way to Fix the Capitalistic System

I completely agree with you that the capitalistic system is breaking down our money is broken. We're seeing it manifest in society in an erosion of morality and values. And we don't have that anymore. I think people like to think that hyperinflation is something different from inflation. Hyperinflation is bad. You just need the right amount of inflation at the right dose. But regular fiat inflation, which you experience in even the best kind of run monetary systems,. that's just slow motion hyperinflation. So all the things that you'd see in places like Lebanoners in Bobwey or Venezuela, they are playing out at a slower pace in countries where the money is inflating

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