The FIFA World Cup and late-stage debt-money

On the day the 2026 FIFA World Cup kicks off, this episode uses football as a lens onto how debt-based money quietly reshapes the things we love. Rather than blaming individuals at FIFA or in sovereign wealth funds, it traces commercialization, ticket-price inflation, and tournament expansion back to a single mechanical fact about how a unit of currency comes into existence. The register is observational and first-principles, not prescriptive, and the closing turn is toward how a different monetary base could permit a peaceful version of change.

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This episode was published on June 11, 2026.

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