Fiat Policy Incentivizes Spending

"The fiat economist universally chooses to set the printing press to brrrrrrrrrr. While the enlightened elite watch their stock portfolios moon and their debts disappear, the common man is told to be thankful that he was 'this close' to the horror of living in a world where his wages bought more every year, and his government respected his private property. Imagine how hard it would be for that government to raise debt in such a world. It would have to justify its spending. We cannot have that."

~ Allen Farrington & Sacha Meyers

What if falling prices aren't the economy stifling nightmare that fiat economists claim, but instead is actually the only natural spending incentive of a real economy fundamentally?

Dive into Part 1 of Number Go Down, Allen Farrington and Sacha Meyers' latest essay, where we dismantle the deflation myth, explore how hard money fuels real growth, and question why Bitcoin's promise hinges on surviving extreme stress. Could this be the key to a more stable, productive world?

Check out the original article: Number Go Down by Allen Farrington and Sacha Meyers (Link: https://x.com/allenf32/status/2045477517201477686)

References from the episode

• Give a listen to our two-part episode "Modern Money Only Works By Cheating" by Tyler Durden for the backstory on what the market's really pricing in Bitcoin. (Link: https://fountain.fm/episode/UN8NHIQ3tR9tdc9ER89h)
• Don't miss my audiobook version of "Bitcoin is Venice" by Allen Farrington and Sacha Meyers – it's one of my all-time favorites and dives deep into these economic themes. (Link: https://fountain.fm/episode/s6Fu2VowAddRACCCIxQh)

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“The first rule is to keep an untroubled spirit. The second is to look things in the face and know them for what they are.”

~ Marcus Aurelius