3min chapter

The "What is Money?" Show cover image

Open-Mindedness | Principles of Bitcoin Series | Episode 5 (WiM258)

The "What is Money?" Show

CHAPTER

Central Banking Is a Ponsyscience

"Central banking is a monetary system that is used to prey upon the private property of its users," he says. "It's very opaque, let's say right again, as opposed to being open, it's very closed and opaque, hard to see into." The entire system prone to politics arbitrage is by insiders, which can lead to systemic blowups, writes Ben Bernanke.

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