SLP357 Lawrence Lepard The Burning House of Fiat
Stephan Livera Podcast
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Is There a Reason for Derivatives to Exist?
In a fully free market, there is a reason for derivatives to exist. It's perhaps, it's just that they've become distorted and too much a part of the system in the fiat world. I mean, i think that the minute you allow unlimited leverage, you give power to the person with the most moneyand that in and of itself is inherently evil. But you may be right, if we go to a sound money system, you know, with fair interest rates,.
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