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WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
Why Does Fiat Fail?
The rise of data basis along with the ability to shuffle paper around meant that you could, it's a lot easier to create an application of fot base layer money. I credit an application that does something complicated, like when i give yo money for 30 days, and at the end of 30 days, you have to pay it back to me plus four %. So the real question is, why does fiat fail? We know why it works. The reason it works better than gold is because you put it on a piece of paper. Thereave always been private credit systems. And we know in the military, the military generates credit systems. Theyre actually became a secondary market. Because they
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