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The Reason Interview With Nick Gillespie
Lyn Alden: Our Money Is Broken
Nov 3, 2023
Explore the concept of money as a ledger and who controls it, the demise of gold as money, issues with the financial system and trade deficits, the role of the Federal Reserve in taming inflation, navigating investment in a weak money environment, Bitcoin's rise and challenges for adoption, and the value of private censorship and alternative monetary systems.
01:20:02
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Quick takeaways
- Money is fundamentally a ledger, and the control of the ledger is of utmost importance.
- The history of money reveals the significance of who controls the ledger, impacting value and transactions.
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Money as a Ledger
Money is fundamentally a ledger, where the control of the ledger becomes crucial. Money can be seen as a physical commodity or a human-controlled ledger. The history of money and its different forms are explored, noting the importance of who controls the ledger and how it impacts value and transactions.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode