Ep. 100: Yes, Stablecoins are Like "Free Banking" in US History—and That's a Good Thing
InFi: the Future of Finance
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The Evolution of Money and Banking
This chapter examines the historical development of currency, comparing gold coins to modern fiat money issued by banks. It delves into concepts of inside and outside money, the practicality of paper currency, and the transitional role of banknotes in financial transactions. Additionally, it highlights the challenges banks face in maintaining consumer trust and stability within the banking system.
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