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#293: Bitcoin and the Looming US Fiscal Crisis with Avik Roy

TFTC: A Bitcoin Podcast

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Bitcoin Is a New Fangled Thing, Right?

People completely dismiss the miny depression of lake 19 22. I believe it was wher were under a gold standard, and we recovered pretty quickly. Then you had a mass ivns of debt between that, that period in 19 29 when things eventually blew up. And everybody blamed the gold standard. Didn't look at the expansion of debt throughout the economy and the stock market particularly. It's hilarious, cause it came full circle. What? Dd, the glass steagle act, dothey, went near like rit. How did this happen in 19 29? I why did this so out of control and crash so vigorously? Ota's because we were letting these financial institutions trade

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