Monetary system on the brink, Bitcoin as the only alternative: with Michael Fischer

What is the Cantillon Effect? Why is our monetary system on the verge of a huge crash? And why is it extremely unfair to the masses to keep expanding the money supply? Michael Anton Fischer and Niko Jilch talk about these topics and why Bitcoin must remain as the only, better alternative.

This weekly podcast about Bitcoin is the initiative of the Viennese financial journalist Niko Jilch. The goal: to strengthen and network the German-speaking Bitcoin community - and to bring the Bitcoin phenomenon closer to as broad a mass as possible.

We accompany this project as one of the main sponsors in this blog and also make all podcast episodes available here as a video.

What Bitcoin Brings. Episode 31 from 20.09.2022

Michael Anton Fischer is an engineer, Bitcoin twitterer and German translator of The Nature of Money, originally written by publicist & ex-banker Alfred Lansburgh. Niko and Michael agree that our current monetary system with fractional reserve and states that can increase the money supply at any time has a big problem.

The temptation to print money has always been too great. Michael explains exactly why expanding the money supply is extremely unfair to the mass of people: "Even the ancient Romans and Greeks knew that the money supply should be constant."
Even gold only temporarily solved this problem. Bitcoin is a new startup with new features that make a world with a constant money supply possible for the first time and actually does not require a "middleman".

Bitcoin is capable of breaking the Cantillon effect and restoring equality of opportunity between the powerful and "ordinary citizens," Niko says. The US should think seriously about a Bitcoin standard, there is still time now, Michael adds.

Niko Jilch is a financial journalist, speaker and moderator. He has been dealing with our monetary and financial system, inflation, central banks, gold and of course Bitcoin for more than ten years. His ongoing column "Young Money" is published at the digital business medium "Brutkasten".

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