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Saifedean Ammous: The Fiat Standard & The Reversal of Civilization

The Bitcoin Matrix

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The Importance of Time Preference

Fiat is a way of just getting everybody to become a dead slave with no potential for thinking for the future, and therefore little prospect for civilization. So instead of working for your own future, you know, instead of investing in your own family, you just go and do what all twentieth century people do - which jus vote harder. And i think this is an extremely powerful way of understanding all the bad things, or many of the bad things that have happened in the twentieth century.

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