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Bitcoin Fixes This #72: The Fiat Standard with Saifedean Ammous

Bitcoin Fixes This

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The Debt Economy Is Not Dead

Bitcoin allows us to monotize something that is not dead. And so we don't need to completely destroy the credit system. The rich people of the world are all short fiat, and they're better off if it devalues. So there is a good way in which bit coin can be a popular solution for a lot of people. But i think what complicates things when you start paying out trillions of dollars into debt: Government won't fight back. That's just going to be the dead jilee that they want. It's true for the dead beat who got a card that pays zero.

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