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BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
Sep 27, 2023
Dr. Peter St. Onge, a Fellow at the Mises Institute and macroeconomics expert, joins the discussion to reveal how today's inflation mirrors issues faced by the Roman Empire. He critiques current economic policies, explores the landscape of China's economy, and shares insights on Bitcoin's potential as a modern monetary solution. The conversation dives into currency devaluation, government overspending, and the lessons to be learned from historical empires, highlighting the comparative resilience of Bitcoin against fiat currency in turbulent times.
01:04:54
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Quick takeaways
- Economic mismanagement, excessive government spending, and predatory taxation led to the decline of the Roman Empire and are similar patterns witnessed in today's governments.
- Government intrusion into the economy, corruption, and excessive corporate influence are contributing to the decline of societies, with industries benefiting from government policies exploiting the public.
Deep dives
Economic mismanagement and inflation
The Roman Empire's decline was marked by economic mismanagement, excessive government spending, and predatory taxation. Similarly, today's governments are running massive deficits and printing money, leading to inflation and a decline in the value of currency.
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