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Basics_02: Monetary History & The Rise of Bitcoin
Blue Collar Bitcoin
The Capital Lever
The capital lever, if you just kind of pull the lever, print money or adjust the interest rate to stimulate the economy, can create change very easily. And so over time, what's happened is our money has transitioned from decentralized forms where we are transacting back and forth with precious metals. To see it, we're now we're no longer backed by something of value. Instead, we've moved towards something that is backed by debt, which allows the government to just pull a lever, stimulate the economy in any means it feels necessary.
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