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Ep. 2070 Fiat Money and Debt Slavery, with Saifedean Ammous

The Tom Woods Show

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The World's Interconnected World

In the fifteenth century, if you lived in somewhere in europe, let's say, somewhere in germany, the vast majority of your trading took place within your own town. But by the nineteenth century, when the world was highly interconnected, and with all these new modern methods of communication and telly communication, money, or gold's salability across space declined. As gold salable across space became inadequate, it was very hard to move around gold coins from, say, your shaw of in germanY to your supplier in russia. And i think what this book helped me really understand is just that as the world became more and more globalized, you needed to

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