Oddbean new post about | logout
 Well... Its devastating, to start to comprehend the magnitude of the destruction caused by fiat money. Hypothetically you could estimate the number of lives destroyed or lives that didn't happen because of the corrupt fiat system. Like, the US gov counterfeights (spelling?) $6 trillion in 2020 - the resultant inflation pushes x number people into homelessness or drugs and x number of people can't get jobs because prices are all wrong and x number people don't start a family and so x number of new people are never born, and then secondary effects like mass immigration and cultural genocide perpetrated by governments effectively replacing the native people... You can start to see that every government action has negative effects that ripple forward through time in a quadratically expanding wave. Its seeing the Holocaust in real time. I can't blame someone for not wanting to see it. 
 Exactly, I think it was the guy swan who articulated it very eloquently when he said the $6T print basically stole the life’s work equivalent of 6 million people. 
 I didn't know he said that.. Good! Probably worse than that, though