What the 1920s Can Tell Us About Money Today | The Twilight of Gold Series | Episode 17 (WiM413)
The "What is Money?" Show
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Financial Engineering and Bitcoin's Radical Proposition
This chapter discusses the concept of financial engineering and its impact on the economy, as well as the speculative fervor surrounding Bitcoin. It explores the similarities and differences between the 1920s and the current era, highlighting the unpredictable outcomes and reliance on reliable data in the present. The chapter also touches on solvency in relation to money, the transition from hard money to unbacked fiat, and the concept of elasticity in lending and monetary expansion.
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