Part 8/15:
He points out that fiat money, with its capacity for unlimited creation, is akin to "legalized counterfeiting," a phrase that resonated with many critics. Governments borrow endlessly, pushing future generations into debt—a theft often hidden under political rhetoric.
One of his compelling narratives frames this phenomenon as "time-traveling theft," where fiat debt and deficits are likened to using a machine to steal from the future. This analogy illustrates how modern monetary policy resembles a giant heist, depriving future citizens of their rightful wealth.