WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
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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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