Debunking Economics - the podcast Why nation states fail?
Apr 22, 2025
This discussion dives into why nation states fail, highlighting that mismanagement often trumps mere money printing. Historical examples, like the Weimar Republic and Venezuela, showcase the devastating interplay between war, political choices, and economic outcomes. The impact of government debt is scrutinized, reflecting on the precariousness of bond markets. Political decisions, such as land reforms in Zimbabwe, illustrate how seemingly localized issues can lead to hyperinflation. The podcast warns of economic collapses looming over small nations heavily reliant on trade.
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Venezuela's Hyperinflation Example
- Venezuela's hyperinflation is a famous example of a failed state.
- The government's excessive money printing rendered the currency nearly worthless within a year.
Currency Fails With Empires
- 100% of fiat currencies have failed because 100% of empires have failed.
- Currency failure follows political or military failure, not the other way around.
Ukraine's Economic War Impact
- Ukraine's GDP dropped from $200 billion to $175 billion due to war.
- Rebuilding costs are $524 billion, many times its GDP, making it economically bankrupt.
