BTC010: Bitcoin & Layered Money w/ Nik Bhatia (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
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The Evolution of Currency and Monetary Policy
This chapter explores the historical evolution of the U.S. monetary system, particularly the transition from the gold standard to a currency system controlled by central banks. It highlights the implications of fractional reserve banking, the nature of interest rates, and the changing dynamics of money velocity. Additionally, the chapter examines the potential role of Bitcoin in transforming financial transactions and its impact on capital flow.
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