"Upstream" with Erik Torenberg cover image

E14: Balaji Srinivasan on the Fiat Crisis, Russia, and China.

"Upstream" with Erik Torenberg

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Infinite Money === Invincible Military (Unifying Theory of Left & Right Statists)

The two premises of the dollar nationalists, whether Democrat or Republican, are that the US government can print infinite money and that it has an invincible military. These two premises may seem different, but they are actually equivalent. If the government can print infinite money, it can always buy more troops, planes, bullets, etc., making its military invincible. Conversely, if it has an invincible military, it can print infinite money because the backing is infinite. Therefore, both left and right statists believe in either infinite money or an invincible military.

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