The Seen and the Unseen - hosted by Amit Varma cover image

Ep 397: Larry White and the First Principles of Money

The Seen and the Unseen - hosted by Amit Varma

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Navigating Currency and Banking Complexities

This chapter explores the intricacies of currency, banking systems, and the normalization of government-controlled monetary practices. It discusses the historical evolution of currency issuance, the implications of the shift to fiat systems, and the impact of regulation on bank behavior and systemic risk. The conversation critiques the 2008 financial crisis, emphasizing state actions and moral hazard while advocating for a more resilient banking ecosystem.

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