54. Bitcoin and the Global Economy with Lyn Alden
The Bitcoin Standard Podcast
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What Is the Value of a Central Bank Digital Currency and How Does It Get Determined?
There's obviously a huge political problem in trying to get the US and the Europeans and the Chinese to agree on a monetary policy. But if you try to do it as some kind of international system, ultimately, without something like gold underpinning that system, you're basically making stabs in the dark about monetary policy. In my mind, I like to call them the US dollar plus country risk. Your national currency is not going to appreciate beyond what the US dollar is appreciating. It's only going to go down compared to the dollar by the magnitude of the country risk. We use money for economic calculation. Any person who carries out an economic transaction is carrying out that economic transaction using money
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