123. Adventures in Late Stage Fiat: Libya with Nasr El-Hadi

In this seminar, learners at saifedean.com discuss the current state of the fiat monetary system as the world experiences the dollar strengthening and other fiat currencies weakening. Regular seminar attendee Nasr El-Hadi discusses the history and the current state of the Libyan monetary system, where the central bank has split into two central banks each issuing the same currency with a different signature, with hilarious and disastrous consequences. Find out what happens when fiat 'hard for...