Starting at 57 minutes in, they get into what becomes a heated discussion on gold as currency.
Molyneux states at the top that his definition of fiat currency is “a monopoly currency backed by nothing.”
Molyneux’s body language changes dramatically as the discussion progresses, and that was as interesting to me as any words that were said, as Irvin passionately interrupted him many times.
Molyneux was focused on gold only being an issue when there is a government monopoly over it, while Irvin was concerned with the historical manipulation of gold by banksters, and how they can subvert free choice in the marketplace, specifically using gold.
Irvin mentions the late David Astle’s book, The Babylonian Woe, and recounts information that I had heard from George Whitehurst-Berry earlier this year, which is how the Spartans specifically used non-commodity money, and were prosperous until their money was subverted, specifically with gold.
I plan to say more about this revealing interview later, but for now, check it out for yourself.
For more on Stefan Molyneux, see my articles: