148. The Fiat Standard course final lecture: Can bitcoin & fiat coexist
The Bitcoin Standard Podcast
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CBDCs Are Threatening to Take the World
Central control can protect the currency from collapse. If you look at a lot of the Soviet and socialist republics,. they didn't experience high inflation, they just had empty shelves. So there can't be much inflation if your consumption of fuels and meat is limited by central bank digital currencies. And I think this is where CBDCs are threatening to take the world. This is why these completely idiotic pseudosciences are so popular. There's no scientific basis for believing that your consumption of fuel is going to destroy the planet. It's an existential threat to the price level, to the CPI.
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