WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
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The Great Financial Crash
The great financial crash really was the lending criteria that were relaxed such that banks took on excessive risk. And then the a the as we touched on the expansion of the ero dollar system, these were both premised on the existence of a legal monopoly in money. Ithot, yes, it's som you know, the fiat currency anda, the abuse of it,. iis something that i think bik coiners struggle a lot with, am and it's why, when you look at it over a longer term, time horizon, how could you justify storing your, your work in dollars? It's very difficult, aor s to do that.
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