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BTC149: Parallels to the Roman Empire w/ Dr. Peter St. Onge (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
The Importance of Hard Money and Why Bitcoin
Hard money is crucial for prosperity as it prevents governments from taking over the economy. Inflation caused by paper money leads to a boom-bust cycle and can be traced back to various historical catastrophes. Inflation also creates a crisis industrial complex and erodes our liberties. Gold has been the best hard money throughout history, but it has a flaw. Gold-backed currency requires a central depository, making it vulnerable to government seizure. Bitcoin solves this flaw as it does not depend on any institutions and can exist without the state.
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