Episode 0215 - The US Dollar Has Lost 10 Percent of Its Value Every Year Since 1965!

During the COVID pandemic and the government's response, the US Federal Reserve created 40% of all the money that has ever been created over the country's nearly 250 years of existence. This will likely go down as the most disastrous financial act ever created by a government anywhere in the history of the world. Join me today as we examine a crucial part of Saifedean Ammous' book where he dives into the destructive nature of fiat inflation and its effects.

In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global bestseller The Bitcoin Standard.

This time, Ammous delves into the world's earlier shift from the gold standard to today's system of government-backed fiat money—outlining the fiat standard's purposes and failures; deriving the wider economic, political, and social implications of its use; and examining how bitcoin will affect it over time.

The Fiat Standard: The Debt Slavery Alternative to Human Civilization: Ammous, Saifedean: 9781544526478: Amazon.com: Books

What Has Government Done to Our Money by Murray N. Rothbard

Rothbard shows precisely how banks create money out of thin air and how the central bank, backed by government power, allows them to get away with it. He shows how exchange rates and interest rates would work in a true free market. When it comes to describing the end of the gold standard, he is not content to describe the big trends. He names names and ferrets out all the interest groups involved.

What Has Government Done to Our Money? Audiobook | Mises Institute