FIAT vs Capitalism: The Truth
About the Series
This recording is the third installment in a series of live debates hosted by Blair duQuesnay, in which she and George Kinder work through the tension between Fiduciary In All Things (FIAT) — George's proposal for a global fiduciary standard applied to every institution — and the current dynamics of capitalism as practiced today. Each installment in the series tackles a different angle of that debate, with Blair noting that further debates are planned throughout 2026.
This Episode's Focus: The Truth
In Part 3, Blair and George turn their attention specifically to the question of Truth — or, as Blair frames it, "the prevalence of so many UNtruths today." The conversation explores how a global fiduciary standard might create stronger institutional incentives toward truthful communication than the current capitalist system does, where self-interest and short-term incentives can reward the spread of misinformation or half-truths.
This theme connects directly to George's broader FIAT proposal, and to companion writing such as his essay "The Bell Curve of Truth," which lays out in more detail how institutions and media might be held to graduated standards of truthfulness rather than treating all statements as equally credible.
Format and Tone
As a live-recorded debate rather than a scripted interview, the conversation has an unscripted, exploratory feel — the two speakers push back on each other's framing in real time, making it a useful complement to George's more formal written work on the same topics.
Where to Watch
The full recording, along with the discussion thread among subscribers, is available on Blair duQuesnay's Substack (published under the handle blairbellecurve). Readers interested in the broader arc of the debate are encouraged to look for Parts 1 and 2 of the series as well, which cover other dimensions of the FIAT-versus-capitalism question.
About Blair duQuesnay
Blair duQuesnay is a financial commentator and writer who publishes on Substack, engaging with themes of markets, capitalism, and institutional trust. Her ongoing debate series with George Kinder offers a recurring, publicly accessible venue for testing FIAT's ideas against real-world economic and institutional dynamics.