IV. Fiat Money Is Democracy’s Lifeblood

Fiat money is not a mistake.
It is democracy’s enabling technology.

Inflation allows:
• spending without taxation,
• war without savings,
• welfare without productivity,
• corruption without visibility.

Fiat dissolves accountability.
It rewards the politically connected and punishes the prudent.

Without fiat money, modern democracy as we know it cannot exist. #bitcoin