In this episode, I talk about "fiat" currencies and the problems that arise with money printing.

Key summary:

• History tells us that currencies face chronic debasement over the long term with the USD losing 95% of its purchasing power over the last 100 years.
• When you hear "Quantitative Easing", think "central bank money printing".
• Money printing causes: i) misallocations of capital ii) reduced affordability for consumers and iii) increased wealth inequality due to higher asset prices.
• Sound money has the following properties: scarce, portable, divisible, durable, fungible, acceptable, censorship resistant.
• Bitcoin could represent a better form of money with its algorithmic scarcity, portability and censorship resistance

• Call to action: watch "Whats the problem?" by Joe Bryan on Youtube.

Want to get in contact with me? Use the following channels:

Instagram: ⁠⁠⁠@_makeitstack⁠⁠⁠  TikTok: ⁠⁠⁠MakeItStack⁠⁠⁠  Website: ⁠⁠⁠https://makeitstack.co.uk⁠⁠⁠  Email: [email protected]

Disclaimer: All views are my own. This podcast is for educational purposes only and should not be construed as financial advice. If you are unsure of making any investment decision, please contact your financial adviser.