Part 8/13:
The Role of Money and Incentives
A consistent theme is the impact of monetary policy on morality and societal incentives. Jim believes that fiat money, with its endless printing and manipulation, fosters corruption, dishonesty, and short-term greed. He sees Bitcoin as the antidote—a system that rewards disciplined economic calculation and genuine value creation, ultimately leading to a more honest and moral society.
He points out that many in power—politicians, regulators, elites—are compromised by their dependence on fiat currency and the corrupt incentives it creates. For Jim, fixing the money supply—making it honest and transparent—is key to resolving broader societal issues like corruption, inequality, and loss of integrity.