The "What is Money?" Show cover image

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

The "What is Money?" Show

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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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