#51 Jeff Booth | The Future of Money in a World without Fiat
Money Minded
00:00
The Us. Currency Failed in 1971
In 19 71, president nixon took the us. Dollar off the gold standard. That's when money and credit basically decoupled. And so that was essentially a soft default. The depression was caused by debt that couldn't get paid back. So to day, you have the debt cycle way up here. I has to keep on expanding like this. You've technology moving faster this way. And actually, they're both reinforcing each other. Because any nontrpinter realizes the only way to get freeple to buy things for me is to automate my things of so much value faster to remove labor. As that price comes down in the market, there needs to be more offset
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