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#51 Jeff Booth | The Future of Money in a World without Fiat

Money Minded

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Socialize the Losses

This is essentially the system of rent. We privatize the gains and we socialize the losses. Let's just say inflation is wage deflation. So you're working for wages, trying to escape a system that's inflating money,. Trying to save your money so you can buy an asset. It's actually picking the pockets of the young people and transferring it to the wealthy.

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