283. The Fiat Standard: Lecture 2 - The Never-Ending Bank Holiday
The Bitcoin Standard Podcast
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The Emergence of the Fiat Standard and its Historical Consequences
This chapter explores the historical origins of the fiat monetary system, highlighting the role of central banks and government actions in the 20th century. It critiques the narrative of fiat as an economic success and discusses its ties to events like the 1929 stock market crash and the Great Depression.
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