Lyn Alden, an insightful investment strategist and author of 'Broken Money', dives deep into the evolving landscape of global currencies. She highlights how the U.S. dollar's status as the reserve currency reshapes trade dynamics and influences inflation. Alden discusses the historical evolution of money shaped by technological advancements and shares advice for navigating economic uncertainty. She emphasizes the need for a shift towards understanding cryptocurrencies and the impact of debt on modern economics, urging listeners to rethink traditional financial paradigms.
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insights INSIGHT
Money as Ledger Systems
Money systems are fundamentally "ledger money," combining aspects of commodity and credit money.
Technology's influence on monetary systems is permanent and global, shaping how money works beyond politics.
insights INSIGHT
Telegraph's Impact on Money
The telegraph revolutionized money by enabling information and ledger updates at the speed of light.
This technological shift centralized power in banks and set the stage for modern financial systems.
insights INSIGHT
Crypto Breaks Currency Monopolies
Cryptocurrencies break traditional currency monopolies by enabling peer-to-peer value transfer.
This disrupts capital controls, allowing people worldwide to save or transact in alternative monies.
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Why Our Financial System is Failing Us and How We Can Make it Better
Lyn Alden
In 'Broken Money', Lyn Alden delves into the evolution of money, from ancient forms like shells and gold to modern technologies such as central banks and Bitcoin. The book examines the theoretical foundations and practical implications of various monetary systems, highlighting how technology drives global financial changes. Alden also explores the human impact of money and how new monetary technologies shape societal power structures. The book aims to provide readers with a deep understanding of money's past, present, and potential future, including emerging technologies that could improve the current financial system.
This week on Upstream, we’re sharing Erik Torenberg’s 2024 interview with Lyn Alden. Lyn discusses her book 'Broken Money', the impact of the global reserve currency, inflation, interest rates, and provides advice for navigating an uncertain economic future.
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"Upstream" with Erik Torenberg 
