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176 - What is Money in the Digital Age? with Brendan Malone

Bankless

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The Consequences of Socializing Financial Losses in a Global Economy

This chapter examines the socialized losses in the financial system exacerbated by the COVID-19 pandemic, highlighting the role of the Federal Reserve and the management of bank deposits. It further analyzes the implications of the U.S. dollar as a reserve currency and how American financial decisions influence global markets.

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