Why Bitcoin? The Separation of Money and State with Robert Breedlove (WiM571)
The "What is Money?" Show
Hard Money vs. Fiat: Economic Foundations
This chapter explores the differences between hard money, such as gold, and fiat currency, emphasizing their impact on individual and societal behavior. It highlights how hard money encourages saving and financial stability, while fiat currency fosters impulsivity and debt accumulation, ultimately leading to economic fragility. The conversation also critiques the historical context of government spending, particularly regarding military operations funded through monetary inflation.
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