My final article of the incentive series for Bitcoin Magazine looks at global level incentives of fiat money. The dollar hegemony has lots of second and third order effects from military adventurism of the US, the oppression of developing countries and much more. Excerpt after the link.

https://bitcoinmagazine.com/culture/fiat-money-has-broken-the-world

In the first three parts of this series, I examined the different ways that fiat money has led to terrible incentives at the individual, corporate and national levels. We are more isolated than ever, we are less satisfied with our work and we work under tyrannical, authoritarian governments as a result of fiat money. In this article, I go through the ways the entire world is incentivized by fiat money.

The previous articles spoke more generally about how individuals, companies and nations are affected by fiat money. This article will be a lot more specific as there's only the one world we live in and we don't need to speak generally. Thus, I will start this article with some historical context as that will give us a better understanding of why the financial incentives in the world are the way they are.

Bretton Woods

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We start the analysis of global fiat money incentives with one of the major historical events that precipitated the world we live in today and that's the Bretton Woods Agreement from 1944.