WiM021 - The Frisby Series | Episode 2 | Mythology, Gold, and Government
The "What is Money?" Show
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What's the Biggest Problem in the Digital Economy?
Bit coin is a new form of currency that uses digital technology to create money. It has the potential to destroy wealth and quality of life, argues Broner. But he says it would be good for society in the long-run if we move towards this type of system. The only problem with bit coin is its demographic impact on china which will see their population get so old they won't have as many young people by 2050.
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