18min chapter

We Study Billionaires - The Investor’s Podcast Network cover image

TIP574: Broken Money 1/2 w/ Lyn Alden

We Study Billionaires - The Investor’s Podcast Network

CHAPTER

The Nature and Evolution of Money

This chapter explores two key economic theories regarding money: commodity theory and credit theory, emphasizing their roles in society. It examines the fractional reserve banking system, historical monetary systems, and the flaws of the Bretton Woods agreement, highlighting the risks of an abstracted monetary system. The discussion further reflects on the historical evolution of financial systems and the implications of over-leveraging and government manipulation of money supply.

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