Lawrence White on Currencies and Better Money

Lawrence White, an economics professor, discusses the history of money, including the classical gold standard and fiat money systems. He explores the concept of competitive banking and the influence of cryptocurrencies. The podcast also covers the establishment of the Bank of the United States and the debate between Alexander Hamilton and Thomas Jefferson. Additionally, the differences between gold-backed currency and fiat currency are explained, along with the potential of alternative currencies like crypto. The use of alternative currencies for privacy, inflation, personal beliefs, and the threat of invasion are also discussed.