The "What is Money?" Show cover image

WiM002 - The Saylor Series | Episode 2 | The Rise of Man through the Dark and Steel Ages

The "What is Money?" Show

00:00

The Intimate Relationship Between Government and State

i thought the point was that those skyscrapers are constructed from the value that is extracted by financial intermediaries. Marsila gave the example of two bond traders in adjacent buildings, driving most of the volume in a market and they both get to scrape evig there one or two%. And it reminds me of the hotels and he hotels and vegas. Wrt, old joke is like the the buildings aren't built by winning gamblers. It's the nature of being an intermediary is that you get to extract perpetual profits, basily, from anyone doing business within your network. That's what money is, riuss, it's a network of trust. The state has always fought

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app