The Nature of Money and Bitcoin with Robert Breedlove (WiM363)
The "What is Money?" Show
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The Nature of Money and Central Banks
This chapter explores the concept of money as a medium of exchange and the role of central banks in regulating the global monetary system. It discusses the legal monopoly of central banks, counterfeiting, and the power dynamics associated with currency production. The chapter also touches on the ownership structure of the Federal Reserve and the implications of currency counterfeiting on the global economy.
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