Saifedean Ammous, who’s written a brutal smash of the fiat money system, traces other problems to the perverse incentives introduced by the government’s money. In this episode we discuss two primary ones: the substitution of industrial sludge for real food, and the introduction of inefficient and inadequate energy sources in place of ones that work.
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com