The Perils of Monetary Policy

This chapter examines the harmful impact of money printing on the economy, linking it to cycles of boom and bust through the lens of Austrian business cycle theory. It discusses the short-term incentives driving politicians' decisions and critiques democracy's potential to foster self-serving behavior that jeopardizes future economic stability. The chapter also highlights Bitcoin's advantages as a transparent currency in contrast to inflation-prone fiat, positioning it as a superior option for long-term wealth preservation.

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