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26min chapter
What the 1920s Can Tell Us About Money Today | The Twilight of Gold Series | Episode 17 (WiM413)
The "What is Money?" Show
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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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode