4.8 • 710 Ratings
🗓️ 13 May 2024
⏱️ 96 minutes
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0:00.0 | There's a specific supply of goods in the world. |
0:03.9 | You can denominate that in $1, and a million dollars, in a trillion dollars. |
0:07.7 | It doesn't matter. |
0:08.6 | The problem is when one group can produce new units of that instrument that can be used to obtain the goods. |
0:16.3 | And another group doesn't get access to that money until much later, that currency until much later. |
0:25.1 | Then you get this asymmetric transfer of wealth, basically from the poor to the rich. |
0:26.8 | This is the anti-Robinhood. |
0:29.6 | This is stealing from the poor, giving to the rich. |
0:39.3 | And that's why central banking is, in my estimation, inherently evil and inherently destructive to social cohesion and human economization. |
0:40.3 | You know, you say so much, the question, what is money is just so important. |
0:44.3 | And I think so many people, including myself, take it for granted. |
0:47.3 | But when you really start digging into it, this is a profound life-altering, society-altering concept that we all need to wrap our heads around. |
1:03.9 | Hey, everybody. Welcome to The What is Money Show. I am thrilled to have you here joining me |
1:09.3 | on my mission to help shine light on the collection of money. |
1:13.1 | Now, if this is your first time listening to The What Is Money Show, I strongly recommend that you go back to episodes one through nine first, |
1:21.2 | which lays a lot of the groundwork for many of the concepts that we explore on the show. |
1:25.4 | These first nine episodes are my series with Michael |
1:28.0 | Saylor, and thousands of people have told me that this is the best podcast series they've ever |
1:33.6 | heard, hands down, and that it was instrumental to their understanding of money and Bitcoin. |
1:39.4 | So if you're looking to start a deep dive into the nature of money, I don't think there's any place |
1:45.3 | better that you can start other than episode one of this show. Now, a little bit about |
1:50.1 | this show and how it makes money. What Does Money Show is 100% sponsor based. So all of our |
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