4min chapter

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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

What Could Go Wrong With Fiat Money?

David Frum: War is a very good cover for inflation, which is caused by monetary phenomena. He says the Bank of England was most important monetary system in the world at that time. The government prints money because of a stupid reason, he writes. And then the consequences come in, and then they start covering up with price controls,Frum argues.

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