This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.
We need beliefs. Belief is something that we live for, something that informs our morals, something that defines our metaphysical existence. We need belief because we need purpose. Belief is a necessary part of a fulfilling life and, traditionally, people valued their beliefs more than anything else. Sadly, fiat money debases our beliefs the same way Nickleback debases music and Joel Osteen debases Christianity.
The end result of fiat money is that those who win don’t believe in anything, at least in any traditional sense. And if you don’t believe in anything, you are a nihilist. You’re probably nodding along because the people in power seem very much like the inner party leaders in George Orwell’s “1984.” They change their beliefs to whatever the authorities tell them and do it on command. Heck, we saw that in real time during the COVID-19 pandemic.
That’s the topic of this essay: What happened? And how is it that so many people are so willing to change their beliefs so quickly under government command? How did so many people, especially members of the media, academics and bureaucrats of all types, become sycophantic yes-men to what the government told us to believe?
Fiat Obsession
Fiat money makes us obsessed with money. It does this by causing us to pay way too much attention to it.
Because fiat money is continually being debased,…
