286. The Fiat Standard: Lecture 5: Fiat Balances: Universal Debt Slavery
The Bitcoin Standard Podcast
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The Evolution of Money: From Gold to Fiat
This chapter examines the transition from gold-backed currency to the modern fiat system, analyzing its impact on saving, debt, and economic security. It highlights the systemic failures of fiat money, particularly the role of inflation and the dominance of the bond market in sustaining a cycle of debt.
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