
103. Islamic Finance and Bitcoin with Safdar Alam
The Bitcoin Standard Podcast
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Is Fiat a Systematic Tax Against Moslems?
The way that fiat operates, the way that is operated over the last century, you can think about it as a systematic tax against moslems. The average moslem individual or company or government will have done this and that just means your paying for it with inflation. That just means that inflation is valuing your cash, and that the people who are getting into the most debt are the ones who are benefiting. Because that's a central idea. In my er book, the fiat standard, people discuss the antion effect,. It describes how, if you have a money printer, the people who get the money straight out of the printer benefit the most.
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