164. Is the world de-dollarizing? With Peter St. Onge
The Bitcoin Standard Podcast
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The Department of Very Lucative Mistakes in Fiat
Fractional reserve banking has won not because it won on the market, but because it's a monopoly. It manages to externalize its costs onto its victims and get bailed out every time. People want to put their money in a deposit account that's going to lend it out. That's worked for hundreds of years. And so there is no alternative... There's no way of setting up a bank that is just boring.
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