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Episode 56 - Currency

How does fiat currency work? Should I buy gold as a "backup" in case the dollar fails? Should I invest in crypto? Some people will say that you should *definitely* invest in gold and crypto. When the idea that you shouldn't comes up, they often lean on the unknowable as a looming specter of uncertainty to push you to "play it safe" and invest in those things anyway. The utility of investing in gold and/or crypto is not unknowable and shouldn't be coupled with doomsday predictions. Fiat currency isn't perfect and it has flaws. Those flaws are not avoided by buying gold or crypto. Listen to this episode to find out why I say this.

Links
https://en.wikipedia.org/wiki/Fiat_money
https://en.wikipedia.org/wiki/Three-child_policy
https://en.wikipedia.org/wiki/Quantitative_easing
https://en.wikipedia.org/wiki/Bitcoin