MacroVoices #398 Lyn Alden: Broken Money
Macro Voices
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Broken Money: Understanding the Financial System and the Rise of Digital Currency
This chapter delves into the concept of broken money and the need for a comprehensive understanding of the financial system. It discusses the historical and present usage of money, the disconnect between transaction speeds and settlement speeds, and the advent of Bitcoin as a competitor to the existing system. The chapter also explores the development of central bank digital currencies and the implications of decentralized cryptocurrencies like Bitcoin.
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