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26min chapter
Fiat Ruins Everything with Jimmy Song (WiM386)
The "What is Money?" Show
The Decline of Dividends and the Influence of Fiat Money
This chapter explores the historical decline of dividends in stocks and the impact of fiat money on the stock market. It discusses how dividends used to be higher in the past but have now decreased significantly due to the use of stocks as a store of value. The chapter also highlights how the presence of fiat money has led to a decline in profit margins for businesses and a shift towards focusing on market cap appreciation.
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