164. Is the world de-dollarizing? With Peter St. Onge
The Bitcoin Standard Podcast
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How to Get Rid of Fractional Reserve Banking
Sally Kohn: As long as it is possible to lobby a government to interfere in the money supply, fractional reserve will always win that tournament. She says if you had a system where just through common law mechanisms, only sophisticated people were in fractional reserve, well, then we can see what that world would look like by looking at hedge funds - nobody cares when their fund crashes.Kohn: If everybody there were, you know, sophisticated investors and rich guys, they wouldn't have the human shields. That's how it should work with bank collapses as well.
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