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030 - Knut Svanholm: Seafaring, Praxeology & Bitcoin Spirituality
Free Cities Podcast
The Correlation Between Fiat Currency and Civilization
Fiat currency does incentivize us to use energy for arbitrary things that aren't productive and do not get people any closer to their desired ends. So we're spending a lot of resources and making our kids and grad kids pay for it by taking on more and more natural debt everywhere in order to build infrastructure that is not necessary. And back to the Soviet Union, look at that now. They spent a ton of resources in building cities in places that were not suitable to have cities in just to have a specific industry there.
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