86. Layered Money with Nik Bhatia
The Bitcoin Standard Podcast
00:00
The Origins of Laird Money
Laird: In antwerp, the thing that was most interesting was that you had all these bills of exchange. And they only were, they were never traded. There was no liquidity to these bills. They were just a promise to pay. So people would trade bills for notes. Notes were invented during this time. This is really significant, because what we think of as the money market to day,. which is checking account dollars or money market funds and brokerage account - i can trace their origin to the antswerp borse yes.
Play episode from 33:50
Transcript
