3min chapter

The Jordan B. Peterson Podcast cover image

186. Bitcoin: The Future of Money? | Bitcoiner Book Club

The Jordan B. Peterson Podcast

CHAPTER

The Free Market Is a Pure Economic Democracy

The free market is a pure economic democracy people are voting by buying and selling. Whatever price is generated on any given asset that's effectively the truth of what it trades at any intervention, he says. The dollar itself was just kind of a bait and switch It was something redeemable for free market money gold that was then replaced with this compelled money. If you boil it down to brass tacks the u.s dollar today and all fiat currencies they are mechanically they're pyramid schemes so pyramid scheme is a system of network marketing which enrichs those in higher tiers at the expense of lower tiers.

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