
225. CIVILIZATION: Principles of Economics Lecture 18
The Bitcoin Standard Podcast
The Impact of Capitalism and Fiat Money on Civilization
This chapter explores how capitalism boosts productivity and energy consumption but also discusses the negative impact of the shift to fiat money in the 20th century on civilization. It emphasizes the internal threat posed by government-controlled fiat currencies that siphon wealth from capitalism, highlighting the conflict between capitalism's prosperity and parasitic monetary systems.
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