Replying to ₿itcoin

Hello saifedean, can you please explain to me how the US can loan money out while being in debt? How would this loan be considered worthy if there is no money that backs it up?

And how can the US increase the debt of individuals without their consent? Is that allowed?

And is this explanation that I have about inflation accurate?

nostr:nevent1qqsfma6n9qawlnrey8w6ht6a85xngxddteg99ghm259mnnvms6rk5pgppamhxue69uhkummnw3ezumt0d5pzq0r3jarmy778rlvlg00cugwpm0fn9ucle2g3q2va0l5flr2ucql9qvzqqqqqqyqwm4mf

So hard to wrap my head around this...

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Saifedean Ammous 2y ago

I can, but not in a nostr post. I've written three books which discuss these enormous questions in detail if you're interested. The Fiat Standard is probably the one most relevant to this.

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