Bitcoin and the History of Money with Cathie Wood, Ophelia Snyder and Art Laffer
FYI - For Your Innovation
00:00
The Volt Standard and the Fed's Leverage
The real thing that the government does control is the balance sheet of the Fed. And from anything from the monetary base on M1, M2, or any of these other aggregates, all are very private. Even bank liabilities are very private because they can change the ratios. So I'd like actually affiliate to go back to your comments on stable points. Art, you probably are not that familiar with a crisis that occurred around stable points, specifically algorithmic stable points. So I feel like do you want to talk about that and what went wrong? And I'd like to then basically say that that is not what art is talking about and how do we get there?"
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