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Free course

The Fiat Problem: Money Printing and the Cantillon Effect

Diagnoses the disease Bitcoin was built to treat: debt based fiat money that has to keep expanding. Covers how new money is created, why cash quietly loses value, who benefits when the money supply grows, and why inflation works like a hidden tax.

Sound Money Foundations 5 lessons FreeSelf-paced
This content is educational only. It is not financial advice. I cannot tell you how much to invest or when to buy. Speak to your own financial adviser before making any decisions.

Course 1 established that money is your stored time and energy. This course diagnoses the disease Bitcoin was built to treat, debt based fiat money that must keep expanding. I separate monetary inflation from the prices you see in the shops, show you why holding cash is a melting ice cube, and unpack the Cantillon effect, the quiet transfer of wealth to whoever sits closest to the money printer. I trace the real numbers from 2008 and COVID, and close on the deepest point: inflation works like a hidden, regressive tax that punishes savers and rewards leverage.

This is educational content, not financial advice.