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Chapter 9 from The Fiat Standard by Saifedean Ammous

https://saifedean.com/fiatfood

Money, being a part of every economic transaction, has a pervasive effect on most aspects of life. The mechanics of fiat money outlined in the first section of this book create several distortions significant to food markets.

This chapter focuses on examining two particular distortions: how fiat’s incentives for raising time preference impact farmland production and food consumption choices; and how fiat government financing facilitates an activist government role in the food market through farm policy, food subsidies, and dietary guidelines.

The next section examines the most prevalent foods promoted by fiat, and the health impacts they have had. The chapter concludes with a discussion of non-fiat food. What would modern food and food science have looked like without the century of fiat? The fascinating work of Weston Price explains the meat of the matter.

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