There has never been this much money in the world. Now is the time to own real property.
Topics covered include:
- How to buy something with Bitcoin
- How cryptocurrencies are similar and different from fiat currencies
- What is legal tender
- Why there has never been this much money in the world
- Why central banks can control interest rates but not inflation
- What real property should investors own
Thanks to Truebill and Babbel for sponsoring the episode. Use code David for Babbel to get an additional three months free.
For more information on this episode click here.
Show Notes
The Power of Gold: The History of an Obsession by Peter L. Bernstein
IRS Virtual Currency Guidance Announcement 2014-21—Internal Revenue Service
Legal Tender Status—U.S. Department of the Treasury
Total Circulating Bitcoin—Blockchain Charts
Money Stock Measures – H.6 Release, March 23, 2021—Board of Governors of the Federal Reserve System
M2 Money Stock/Gross Domestic Product—Federal Reserve Bank of St. Louis
Monthly Budget Review: Summary for Fiscal Year 2020—Congressional Budget Office
A Fed With No Fear of Inflation Should Scare Investors by James Mackintosh—The Wall Street Journal
Turkey faces a currency crisis after Erdogan sacks his central banker—The Economist
Related Episodes
295: Federal Reserve Insolvency and Monetizing the National Debt
316: Paper, Rocks, or Digits—What Makes the Best Money
322: Why Currency Exchange Rates Matter
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