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#004 - Allen Farrington - Bitcoin Fixes Capitalism
The Peter McCormack Show
The Dangers of Fiat Money and Credit Expansion
This chapter explores the complexities of fiat money and the dilemmas posed by credit expansion, including the moral hazards associated with central bank reserves. The discussion challenges the notion of a 'too big to fail' banking system, proposing that it may instead signify a 'too big to exist' reality.
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