The Pernicious Impacts of the Fiat Standards on Government

The World Bank and the IMF have been lending enormous quantities of money. And I think, you know, there are many pernicious impacts. The politics is now political model for ruling a country in the Fiat standards. You're taken out of this model and put into a new model where you run the country best as a president by getting into power,. taking on a giant loan and stiffing the country with 30 years of debt. That's effectively the most effective way of getting in power because your taxation will never be able to compete with how much money you can just get out of the IMF and World Bank immediately. This is enormously distortionary in terms of its politics, but also enormously destructive