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"Moment of Zen"  cover image

E82: Balaji Srinivasan on the Fiat Crisis, China, Russia, and Conspiracy Practices

"Moment of Zen"

NOTE

Equivalence of Printing Money and Military Strength

The ability of the US government to print an infinite amount of money and the existence of an invincible military are shown to be equivalent. If the government can print infinite money, it can always buy military resources, making its military invincible. Conversely, an invincible military implies the ability to enforce the value of fiat currency, allowing for the printing of infinite money.

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