TIP462: What is money? w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
Fiat Currency and War Financing
This chapter examines how fiat currencies enable governments to fund military endeavors with less direct public consent, contrasting this with the limitations of commodity-backed currencies. It also discusses the Triffin dilemma and the evolution of the fiat currency system, highlighting its impact on global economics and the U.S. dollar's dominance.
IN THIS EPISODE, YOU’LL LEARN:
- 01:11 - What is the cause and effects of falling empires and debasement of currencies.
- 11:09 - Why the hardest money does not always win.
- 17:08 - The problem with commodity money.
- 24:21 - The relationship between fiat currencies and warfare.
- 30:49 - What the Tiffin dilemma is, and how it’s relevant today.
- 37:52 - Why Japan's macro situation is distinctly different than what will happen in the US and Europe in the years to come.
- 46:07 - Why the Bank of Japan can’t forgive the debt to the government.
- 59:24 - What history can teach us about the performance of stocks, bonds, gold, and oil in times of inflation.
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
- Our interview with Lyn Alden about Gold and Commodities.
- Our interview with Lyn Alden about Global Investment Opportunities.
- Lyn Alden's free website.
- Lyn Alden's premium newsletter
- Lyn Alden’s blog post, What is Money, Anyway.
- Our interview with Alex Gladstein, the author of Check your Financial Privilege.
- Our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Check out our favorite Apps and Services.
- New to the show? Check out our We Study Billionaires Starter Packs.
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