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The Pomp Podcast

#1267 Lyn Alden | Bitcoin Solves Broken Money

Oct 31, 2023
49:29
Snipd AI
Lyn Alden, author of "Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better," discusses the impacts of the broken financial system on the average individual, saving vs investing, energy as the arbiter of truth, interest rates, US treasury, and the national debt.
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Podcast summary created with Snipd AI

Quick takeaways

  • Energy is the arbiter of truth in money and plays a significant role in currency value and stability.
  • Transitioning to a sound money system could shift focus from investing to saving, benefiting wage earners and favoring the productive class.

Deep dives

The Link Between Energy and Truth in Money

The podcast episode explores the concept of energy as the arbiter of truth in money. It discusses how energy is closely linked with the value and truthfulness of money. The guest emphasizes the importance of understanding the history of money and how it has evolved over time, particularly in relation to the energy requirements and technological advancements. By examining the role of energy in the monetary system, listeners gain insights into how energy influences the value and stability of currencies.

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