The Volt Standard and the Fed's Leverage

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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?"

When ARK CEO and CIO Cathie Wood was discussing Bitcoin and Digital Assets in general with her mentor and famed economist Dr. Arthur Laffer, he told her that it reminded him of an era before the Federal Reserve existed. This idea spurred Cathie to invite Dr. Laffer on the FYI podcast to further discuss the history of money in general and what Bitcoin’s role in the history of money might be. Alongside Cathie and Art, we are also pleased to welcome Ophelia Snyder, the Co-Founder and President of 21.co, a Cryptocurrency Exchange Traded Product (ETP) provider. In the discussion, Cathie, Art and Ophelia discuss the original idea of centralized money, the economic booms and busts of the past, the transparency of digital assets and much more.

“And the more decentralized and transparent the ecosystem is, the better. The more secure.” @OpheliaBSnyder Key Points From This Episode: