The "What is Money?" Show America's Great Depression | The Twilight of Gold Series | Episode 16 (WiM404)
Dec 4, 2023
Lester, a fellow student of money, joins the podcast to discuss topics such as the current situation of the Bitcoin market price, the decay of the system including the Vietnam War and FTX scandal, self-preservation and self-deception, the predictability of assets, price camouflage in the 20th century, inflation harvesting additional productivity, economic theory and observational data, fractional reserve banking, and more.
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10
Introduction
00:00 • 3min
Unpredictability and the Long View
03:11 • 7min
The Mistakes of Monetary Policy and Manipulation of Data
09:43 • 31min
The Declining Use of Treasury Bonds and the Rise of Bitcoin and Gold
40:37 • 5min
The Predictability of Gold, NetSuite for Business, and the Great Depression
45:15 • 4min
The Relationship Between Borrowing and the Business Cycle
49:37 • 17min
Regulatory Bodies and the Mechanics of Credit Creation
01:06:28 • 12min
Yield Farming, Bitcoin Scams, and MindLab Pro
01:18:37 • 7min
Factors of Control and Lack of Control in Total Reserves
01:25:52 • 21min
Centralized Planning vs Free Market and the Negative Consequences of Lying
01:46:35 • 7min