
Bitcoin Fixes This #72: The Fiat Standard with Saifedean Ammous
Bitcoin Fixes This
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Is There a Trade Off Between Having a Good Payment Network and a Good Savings Technology?
Central banks essentially traded off one for the other. You took this ability to save, this hard money that didn't inflate very much, and you put it on this credit base payment network. And now all of this money is much easier to creacause promises are a lot easier to make than digging gold out of the ground. When you think about it this way, the world begins to make a lot more sense. The richest people in the world are the ones that have the biggest debtt. They're the ones who borrow the most. In there's no bigger borrower in the world than the us Government.
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