The Impact of Fiat Currency on Borrowing and Credit

Lyn Alden, macro analyst rejoins me on the show to talk about her new book, Broken Money. We discuss Lyn’s thoughts on:

• Ledger money and who controls it
• Different theories of money
• Speed of transaction vs. settlement
• Warfare funding under fiat
• Base money and Broad money
• GFC and the response to it
• Fiat standard incentives
• What kind of debt makes sense under a Bitcoin standard

Links:

• X: @LynAldenContact 
• Site: LynAlden.com
• Book: Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better 

Sponsors:

• Swan.com (code LIVERA)
• CoinKite.com (code LIVERA)
• Mempool.space

Stephan Livera links:

• Follow me on X @stephanlivera
• Subscribe to the podcast