Inflation and Warfare: The Fiat Currency Dilemma

This chapter delves into the negative effects of inflation and fiat currency on civilization, arguing that they foster short-term thinking and immoral behavior. It discusses how an abundance of fiat money has enabled prolonged warfare by removing financial constraints, leading to conflicts characterized by less restraint. The speakers critique the historical evolution of military conflicts, illustrating that structured economic practices could mitigate the destructiveness of war.