Lesson 5: The Problem Is Worse Than you Think

Preview

By now you are beginning to see some of the problems with a fiat monetary system. Some perennial problems come through clearly enough like prices always seem to go up (inflation) while wages don’t keep pace, the wealthy seem to get wealthier while the poor and middle class continue to fall behind, and money and power continue to centralize closest to the money printer. But the tentacles of broken money may reach far beyond these all too familiar problems. In fact, because money touches nearly everything in our lives, broken money wreaks havoc in all the same places. In this lesson we will hear a fictional story that illustrates just how bad the problem of broken money is. Stay the course, and follow the truth.

A Story About Broken Money

Key Takeaways

• Most of society’s major problems share a single root cause: broken money.
• In a free market, with perfect money, prices go down forever and quality goes up forever.
• Debasement causes misallocation of capital, consumer inflation, and asset inflation — leading to inequality, social decay, and political division.
• Fiat systems always drift toward bigger government, censorship, cronyism, and repeated crises.
• The only path out is money that cannot be printed or manipulated.

Additional Resources

• Full Video: What’s the Problem? by Joe Bryan
• THE CASE FOR BITCOIN w/ Joe Bryan