5 Quotes on Fiat Standard from Books
Hello and Welcome. This page is a collection of 5 quotes about Fiat Standard that I underlined from various books. I hope you will like these quotes too.
By the way, I am Deepak Kundu, an avid book reader, quotes collector and blogger.
Fiat Standard Quotes from Bitcoin Is for Everyone book by Natalie Brunell
- In a system built on credit and driven by inflation, owning assets is the key to staying ahead. More money is created, prices rise, and assets like homes, stocks, and land climb in value. Cash loses purchasing power over time, making it a counterproductive savings vehicle.
- Money printing is the drug and the Fed is the supplier. What may have begun as potentially therapeutic has evolved into something deeply destructive; and, as with most addicts, the burdens are shared widely. In this case, the heaviest price is paid by society at large: the middle and working classes who watch their dollars lose value while reckless lending goes unchecked.
- All over the world, people's ability (or lack thereof) to store their work in a form of money that can't be debased has profoundly affected their lives and, indeed, shaped the course of history. If the supply of a form of money can be increased - either through discovering a new source or through the ability to mechanically reproduce it - it is a very poor store of value . Someone will always be incentivized to mine, manufacture, or print it, and then use that capacity to acquire resources, leaving a degraded form of money in its wake.
- Today, our fortunes are largely determined by how close - or how far away - we are from the money printer, not by our skill, efforts, or value we contribute to society. And history clearly suggests that when the game starts to seem unwinnable, societal instability usually isn't far behind.
- I didn't realize that money, the very foundation of our economy, was controlled by a select few who could expand its supply and alter its value with a mere keystroke. I didn't realize how deeply the ever-growing supply of money has affected every aspect of my life. The system was stacking the odds against people like me, while making it easier than ever for those at the top to continue growing their wealth. But recognizing how this system affects the cost of living, the value of time, and the scope of our dreams is the first step toward reimagining it.