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Is There a Lender of Last Resort?
The problem with an inelastic money supply to me is, well, you basically are creating universal boomers and whereas the people who got coins first, they become rich. And if you have a growing population, they're increasingly small minority. So I think that's a hard society to manage.
Joseph Wang, Author of the book "Central Banking 101" joins me for an in-depth conversation about his career working at the Federal Reserve.
Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove
GUEST
Joseph's Twitter: https://twitter.com/FedGuy12
Joseph's Website: https://fedguy.com
Central Banking 101: https://www.amazon.com/Central-Banking-101-Joseph-Wang/dp/0999136747
PODCAST
Podcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:
Outline
00:00:00 “What is Money?” Intro Music
00:00:08 “What is Money?” Intro Message
00:00:54 Join me at The Pacific Bitcoin Conference 2022 in LA!
00:01:48 Do More with Your Digital Assets with Ledn
00:02:18 Introducing Joseph and His Career at the Federal Reserve
00:07:58 The Federal Reserve Acting As Lender of Last Resort to Commercial Banks
00:15:37 Gold Lacking Portability and the Creation of Currency
00:22:14 Does Money Need to be "Elastic" to Succeed?
00:37:00 Take Control of Your Healthcare with CrowdHealth
00:38:02 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
00:38:37 Learn about Bitcoin with Swan Private at SwanPrivate.Com
00:39:31 Invest in the Fine Art Market with Masterworks
00:40:07 Hold Bitcoin is the Most Secure Custody Model with Casa
00:40:55 Is Monetary Inflation Theft?
00:49:00 How Bitcoin Reapplies Constraints on Government and Why Bitcoin Can't Be Shut Down
00:53:38 Inflation Is Theft
01:00:37 The Central Bank "Put" on Government Bonds
01:09:45 Are Central Banks Coordinated?
01:15:14 What Does The End Game For Our Current Monetary Policy Look Like?
01:19:32 Where to Find Joseph's Work|
01:19:57 “What is Money?” Outro Music
SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22
WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/
WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
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Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true
RECOMMENDED BUSINESSES
Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove
Ledn lets you do more with your digital assets: https://www.ledn.io/
CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove
Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/
Okcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedlove
Join me at Pacific Bitcoin Conference 2022 in LA, use discount code BREEDLOVE: https://www.pacificbitcoin.com/
Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com
Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/
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