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4min chapter
Bitcoin Fixes Capitalism with Allen Farrington - MOB004
Mr Obnoxious
The Challenges of Credit Expansion and Fiat Money
This chapter explores the complexities of credit expansion, especially in relation to fiat currency creation and its consequences. It critiques the prevailing belief that banks are essential to commerce, highlighting the moral hazards that arise from the protective measures afforded to these institutions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode