AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
A Brief History of Money and Bitcoin with Brian Estes (WiM172)
The "What is Money?" Show
The Dollar Is Losing Its Value
Ai: The dollar was backed by gold originally, which a lot of people don't know or remember. Ai: When we went off the gold standard, we immediately had to get on to another standard in order to create some reservation demand for the dollar. Ai: Now if countries are settling in currencies other than dollar, that reservation demand now goes away. So we may see what additional inflation, presumably in the dollar, you see the debasement of the dollarrigt - but it just takes more dollars to buy the same thing.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode