WiM038 - The Geoffrey Miller Series | Episode 1 | Money is Liquid Fitness
The "What is Money?" Show
00:00
What Does That Do to Central Banks?
Central banking is proof of stake. It's whoever has the gold gets to print the most money, right? I have the most gold, so i get to run the most irresponsible monetary policy. And what does that do to the middle class of the largest dominant central bank like the fed? It rips the rips society apart. You get richer. The rich get richer, the poor get poor. But it would be really, really hard for any small group of actors toa dominated,. because the aggregate wealth of the middle class is vastly greater than the aggregatewealth of the highly richwell, soe more question is this: let us hypothetically say that all wealth is stored in some
Transcript
Play full episode
