285. The Fiat Standard: Lecture 4 - Fiat Mining
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285. The Fiat Standard: Lecture 4 - Fiat Mining
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About this listen
Lecture 4 of The Fiat Standard explains how fiat is mined through credit creation, incentivizing everyone to get into debt, causing prices to rise, which is covered up with the nonsensical CPI. Saylor's explanation of prices as a vector is far better for understanding inflation.
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