Exploring the Evolution of Money and Technology | 7min snip from We Study Billionaires

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TIP574: Broken Money 1/2 w/ Lyn Alden

We Study Billionaires - The Investor’s Podcast Network

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CHAPTER

Exploring the Evolution of Money and Technology

This chapter delves into a compelling book that charts the history and transformation of money alongside technological advancements. Key themes, including technological determinism and the interconnectedness of ideas across time, are examined to provide insights into the future of finance.

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In this episode, Stig Brodersen and Preston Pysh talk with Lyn Alden about her new book, Broken Money. In this first part episode of two, you’ll quickly hear why Stig and Preston think Broken Money is one of the best books they read in 2023.

IN THIS EPISODE, YOU’LL LEARN:

00:00 - Intro

03:50 - Why the current monetary system is broken

08:02 - What commodity money is and why it’s relevant to understand today

28:33 - Why the fractional banking reserve system is like a game of musical chairs

47:36 - How important the strength of the US military is for backing the US dollar

51:17 - How debasement of currencies can fund wars

1:01:31 - The role fiat currencies have played in wars

1:06:02 - How do wealthy countries push inflation and volatility to emerging countries?

Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members.
Lyn Alden’s book, Broken Money – Read reviews here
Listen to our interview with Lyn Alden about How the Fed Went Broke, or watch the video.
Tune into our interview with Lyn Alden about Macro and the energy market, or watch the video.
Listen to our interview with Lyn Alden about Money or watch the video.
Tune into our interview with Lyn Alden about Gold and Commodities, or watch the video.
Lyn Alden's free website
Lyn Alden's premium newsletter
Listen to our interview with Alex Gladstein about issues with fiat currencies, or watch the video.

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