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18min chapter
TIP574: Broken Money 1/2 w/ Lyn Alden
We Study Billionaires - The Investor’s Podcast Network
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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