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The "What is Money?" Show
Bitcoin, Not "Crypto" with Robert Breedlove (WiM470)
May 13, 2024
Bitcoin expert Robert Breedlove discusses the corrupting nature of money, wealth transfer, inflation, and the importance of private property. He explores the impact of state manipulation, advocates for Bitcoin as a solution, and delves into the properties that make Bitcoin superior as a form of currency.
01:36:14
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Quick takeaways
- Money serves as a crucial medium of exchange, a store of value, and a unit of account in society.
- Gold transitioned from a collectible to money by being tradable, maintaining purchasing power, and acting as a medium of exchange.
Deep dives
Money's Importance in Society
Money plays a crucial role in society, serving as a universal medium of exchange, a store of value, and a unit of account. Initially, assets like gold emerged as money due to their tradability and rarity. As a store of value, money needs to maintain its purchasing power over time. It also serves as a medium of exchange, facilitating seamless trading. Additionally, money acts as a unit of account, enabling economic calculation and coordination.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode