AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
WiM047 - The Saylor Series | Episode 11 | The Failures of Fiat
The "What is Money?" Show
Leverage Is a Tool That Amplifies the Boom and Bus Business Cycle
With a ten % reserve ratio, banks are then allowed to take 90 dollars of the 100 dollars, 100 dollar liability. So they've effectively increased the money supply by 90 dollars. And this just injects a lot of leverage into the system. We're amplifying the boom and bus business cycle,. were we're causing a perceptual disturbance in the economic system that actually causes a the accumulation of hidden risk and blow s.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode