Once Bitten! A Bitcoin Podcast.

Modern Chains - The Invisible Shackles of Economic Slavery #568

Oct 2, 2025
Guest
Neal Flesher
Neal Flesher, author of 'Modern Chains,' delves into the philosophical and ethical dimensions of economic oppression in our monetary systems. He argues that fiat currency acts as a modern form of slavery, where debasement erodes wealth and freedom. Neal compares usury to profit without contribution, revealing its dehumanizing effects. He champions Bitcoin as a moral escape, emphasizing its potential to restore ethical finance. With insights from history and ethics, Neal challenges listeners to hold politicians accountable and rethink their relationship with money.
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INSIGHT

Debasement As The Core Mechanism

  • Debasement is the primary engine of modern economic slavery because printed money dilutes real value.
  • Neal Flesher argues new fiat dollars equalize value away from earned monetary objects into empty ones.
INSIGHT

Money Locks Value; Printing Steals It

  • Money stores the value people create, and creating money from nothing extracts that real value.
  • Flesher frames this extraction as coercive equalization between honest and newly created monetary objects.
ANECDOTE

From GI Bill To Philosophy And Flight

  • Neal enlisted for the GI Bill, later attended West Point, then studied philosophy and flew Apache helicopters.
  • Military service plus philosophy shaped his ethical view of money and led him to Bitcoin as a moral solution.
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