3min chapter

The "What is Money?" Show cover image

The Game Theory of Bitcoin Adoption with George Gammon (WiM280)

The "What is Money?" Show

CHAPTER

The Fed's Digital Currency Is Not a Different Currency

The Fed has an infinite balance sheet. They can be insolvent. They don't worry about a P&L or the commercial banking system has to worry about that stuff. So, in other words, like Dr. Lacey Hunt says, that those bank reserves would now effectively become legal tender.

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