The Tom Woods Show cover image

Ep. 2070 Fiat Money and Debt Slavery, with Saifedean Ammous

The Tom Woods Show

00:00

Bitcoin Is Like Leaving Your Door Open and Trusting in Your Neighborhood Not to Rob You While You Sleep

We've had a century where we just need to come to terms with the fact that humanity is too crooked to manage a gold standardsig for a very long amount of time. Historically, have seen examples of the gold standerd surviving for a while, but it seems like it sows the seeds of its own destruction. I think one way of thinking of it is, gold standard is like having to leave your door open and trusting in your neighbors not to come and rob your house while you sleep. It's a very different idea.

Play episode from 07:02
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app