Hosted By
Fiat money has a collection of malincentives and consequences for the degrading and rotting of society. As we covered in the first part of this series, it leads to mindless consumerism and a more materialist culture. As we continue, I want to cover something else that it does by stealing the value of our savings which is our bet on the future health and capacity of society to provide for us. What happens when we are forced to bet against the future. As well as artificially lowering the price to replace things in the economy, until an enormous amount of the economic engine is built around quick financing, low quality products, and then throwing it away to finance the next thing. It's time for a Guy's Take episode, This is The Fiat Replacement Theory.
Link to check out
Host Links
Check out our awesome sponsors!
"Everywhere I travel, tiny life, single serving sugar, single serving cream, single pad of butter, the microwave, cordon bleu, hobby kit, shampoo conditioner combos, sample packaged mouthwash, tiny bars of soap.
The people I meet on each flight, they're single serving friends.
Between take off and landing we have our time together, that's all we get.
Welcome!"
~ Tyler Durden
--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message
"money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be...
"...And we’re just considering two sources of nonrival energy: clean energy curtailment in China, and vented/flared gas in the U.S. There are many other...
"Permission can only be denied if it is requested. Direct, peer-to-peer interaction obviates permission and equalizes market power. Don’t request permission to transact; transact....
