Hold These Truths with Dan Crenshaw cover image

End of the World: How the Global Order is Collapsing | Peter Zeihan

Hold These Truths with Dan Crenshaw

CHAPTER

Is Fiats the New Normal?

We can still go into debt every year, as long as that yearly deficit is equal to our growth. We're in this weird little system where we can print currency and they have to suck it up. And then we get to the third thing: Fiats the new norm. The old days of asset backed currencies weren't all that good.

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