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154. Fiat History with Niall Ferguson

The Bitcoin Standard Podcast

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The Pity of War - What Did You Think About It?

John Maynard Keynes wrote to the Bank of England, commending them for what he called a masterly manipulation. The British people weren't involved in World War I and if we had slightly less dishonest people in charge at that time, they wouldn't have been able to pull it off. When it comes to war bonds, it's actually quite risky thing to invest in - just ask Russians who invested in Tsarist bonds which ended up being defaulted on entirely by the Bolsheviks.

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