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BTC146: Broken Money 2/2 w/ Lyn Alden (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Downsides of Fiat Currency System: Funding through Printing Money
In his book, the author explores the negative aspects of fiat currency. He highlights the government's tendency to print money when unpopular taxes are insufficient to fund their expenditures. He illustrates this with an example from World War I, where the UK wanted to join the conflict for geopolitical reasons but didn't want to impose heavy taxes. Instead, they printed money, devaluing everyone's savings without their knowledge or consent.
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