
135. Cholesterol Con with Malcolm Kendrick
The Bitcoin Standard Podcast
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Is Fiat Money the Root of This Dysfunction?
Fiat money makes it possible for institutions to be wrong for a very long time. There's no corrective mechanism because there's no market test, he says. In the free market where you and everybody else is able to preach and practice whatever they want; in the 20th century that doesn't exist. "You can ignore reality for as long as you want, but you can't ignore the consequences of ignoring reality"
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