2min chapter

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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

What Is the Global Monetary System?

The global monetary system is effectively a winner take all for the dollar, says Julian Zelizer. All other currencies are just basically "dollar plus country risk," he adds. This seems to have changed over the last couple of months with sanctions on Russia and confiscation of Russian reserves,. But it is looking like, you know, this dollar system is clearly unsustainable - not sustainable for US or anybody else.

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