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6min chapter
WiM026 - Money Hierarchies with Nik Bhatia
The "What is Money?" Show
The Uro Dollar Currency of the European Union
Golison: The euro dollar system is like an emergent, a derivatives market for offshore dollars. He says it's not the uro currency of the european union. It was created because clients in europe needed to borrow money. They need toborrow dollars and they were able to spend them by transferring them to other european banks. Golison: I'm so glad your book talked about this completely. Most people are totally ignorant of it. Andi the tectiflation narrative is very important too,. he writes.
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