Gold bugs are the ones who saythat we should go back to the gold standard. The pro thad, as we saw in the depression, is that there's very little that the government can do if they don't have the wherewithal toa, meet financial emergencies by providing liquidity. Andb coin is so valuable in part because it's the first. Ah, but, you know, motor olla had the first telephone, and then they faded. Blackberry had the dominant smart phone, and then they didn't. Then net scape had the browser, and a a o a o l was on line access. So i think the same is true of crypto occurrencies to
In this special episode of the show Shermer and Green discuss one of the most important and yet poorly understood concepts in modern society: money and why it matters. They discuss: the origins of money, and how to make it work for you, how the stock market works, the power of compound interest, the secrets of millionaires, the difference between a IRA, 401(k), and a Roth IRA, hedge-fund managers and investment advisors, the relationship between risk and reward, the relationship between saving and spending, the problem with free market capitalism, money, happiness, and meaning, and the role of luck and contingency in how lives turn out.