2min chapter

The "What is Money?" Show cover image

Sound Money for an Unsound World with Robert Breedlove (WiM348)

The "What is Money?" Show

CHAPTER

The Corruption of Money

If we can get a monetary standard that's incorruptible, unbreakable, then we can build a civilization that is equally incorruptible and unbreakable. It's like building your house on rock versus sand. Biblical indeed. And this weird realization that it was gold's technological shortcoming that it lacked portability and divisibility that led to the emergence of the central bank called the Fiat currency standard. That gives government a source of limitless revenue. They're going to grow and print as much as they need. So what do you end up with? Significant government overgrowth. The price signals are disturbed and distorted.

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