Today we reach the conclusion of Hoppe's incredible piece on the nature of fractional reserve banking and the contradictions of fiat money.  With the final section, "From Deposit & Loan Banking to Fractional Reserve: The Devolution of Credit."  Plus a really fun discussion as a follow-up to the entire, 3 part work. "How is Fiat Money Possible." There is no place like Mises.org. Don't forget to check out the vast collection of knowledge and information made available for free over at the Mises Institute! --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

"Fiat money is the term for a medium of exchange which is neither a commercial commodity, a consumer, or a producer good, nor title to any such commodity: i.e., irredeemable paper money." Another great suggestion by @stephanlivera, we begin our dive into Hans-Hermann Hoppe's extended piece on the Devolution of money and credit, "How is Fiat Money Possible."  Don't miss an incredible read and fun discussion that follows. Don't forget to check out the vast collection of knowledge at Mises.org for this work and many more like it. --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message