2min chapter

The "What is Money?" Show cover image

How Bitcoin Will End Currency Counterfeiting with Michael Goldstein (WiM252)

The "What is Money?" Show

CHAPTER

Coin Clipping

The profit from printing money essentially, right? The fair market value, less the production costs. And so you're basically saying that the coin clipping or the counterfitting or the inflation is a second senior age. That's an interesting way to look at it. In the same way that today, um, the, the treasury can print as many U.S. dollars as they'd like. But if you print a single $20 bill and take it to the store, uh, you will be murdered by the police. Exactly.

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