The chapter delves into the evolution of monetary policy from gold to modern fiat currency, examining the concepts of M0, M1, and M2 money supplies. It discusses the impact of economic crises on money supply fluctuations, the role of central banks in managing inflation, and contrasts the risks and benefits of different forms of money. The conversation also touches on the cantalon effect and Bitcoin's theory of a stable money supply.
The Ethereum community is currently in debate, are we going to change the monetary policy of ETH? Why should we? Who gets to decide? What should it be?
Today's episode of Bankless Takes is a masterclass on monetary policy for Ethereum and beyond. ------ ➡️ Apply to the Cartesi Grants Program here: https://bankless.cc/Cartesi ------ 📣SPOTIFY PREMIUM RSS FEED | USE CODE: SPOTIFY24 https://bankless.cc/spotify-premium