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The Bitcoin Standard Podcast

333. The Fiat Trap with Nicolas Cary

By Dr. Saifedean Ammous

Aired Jul 7, 2026 · 53m · Last boosted Jul 12, 2026

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Show Notes

Saifedean joins Nick Carey to discuss money as a civilizational force: why mainstream economics has an inflation blind spot, how banks "mine" fiat through credit creation, why the rich hold negative fiat balances to acquire hard assets, and how inflation funds war, corrodes morality, and raises time preference.

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