2min chapter

The "What is Money?" Show cover image

Symbolic World of Christianity and Bitcoin with Jonathan Pageau (WiM098)

The "What is Money?" Show

CHAPTER

Gold Doesn't Have an Army, Right?

Gold is freemarket selected money. How did it get there? Self interest led us to money a but force and monopolization got us from gold to feot currency, basically. A debt base money fragilizes economies because when money is losing value over time, you're incentivized to take on more and more debt. So that's what the 19 29 collapse was. And we're in way worse territory now. We have global debt to g d p, like 350 % debt to gd p. It doesn't make any se, right?

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