EPISODE · Oct 28, 2025 · 13 MIN
Preface: The Backstory
from Monetary Revolution: A Primer · host Randolph M. Baggett
This introductory episode offers an overview of the author's decades-long intellectual journey, which began during a prison sentence and was unexpectedly influenced by radical ideas from the Militia Movement of the 1990s. The author recounts being confused by the concept of "money creation" in banking economics, particularly how debt increases the money supply via the multiplier effect. This led him to the alternative economic concept of sovereign currency, which posits that governments can fund operations by simply issuing money, making taxation unnecessary for funding. The author then introduces the proposed solution to sovereign currency's inherent inflationary risk: demurrage currency, a concept where money systematically devalues or expires over time to control the volume of currency in circulation. Ultimately, the foreword states that the book will present this combination—sovereign currency regulated by demurrage—as a non-violent, necessary monetary reform that addresses current economic anxieties across generations Buy today! https:// freedomforceflorida.org/books
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Preface: The Backstory
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