The Problems With Fractional Reserve Banking

Economist Peter St. Onge joins us to discuss whether the dollar is losing its global reserve currency status. Peter makes the case for why US economic and foreign policy is undermining the role of the dollar, and discusses the ramifications of such a move, while Saifedean presents the case for why other national currencies cannot replace the US dollar. We also discuss recent bank failures in the US, and what it teaches us about the instability of fractional reserve banking.

References: 

• Articles on Hyper-Bitcoinization: stonge.substack.com
• Peter's Youtube Channel: https://www.youtube.com/@Profstonge 
• Peter's Twitter: https://twitter.com/profstonge

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