In this episode, Saifedean appears on The Tom Woods Show for a discussion of fiat money and debt slavery. Saifedean and Tom talk about the role of government debt in the creation of fiat money; the recent freezing of bank accounts in the wake of Canadian protests, and why bitcoin improves on the shortcomings of gold. They then discuss how the fiat monetary system warps societal incentives by making debt accumulation a winning strategy.

Resources

• The Tom Woods Show official website.
• Tom’s free ebook Our Enemy The Fed
• Guido Hülsmann’s book The Ethics of Money Production.
• Saifedean’s first book, The Bitcoin Standard
• Saifedean’s second book, The Fiat Standard

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