The "What is Money?" Show

Emergence of the Eurodollar System | The Snider Series | Episode 2 (WiM088)

Episode Summary

Jeff Snider joins me for a multi-episode conversation exploring the evolution of money and central banking throughout the 20th and 21st centuries.

Episode Notes

Jeff Snider joins me for a multi-episode conversation exploring the evolution of money and central banking throughout the 20th and 21st centuries.

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GUEST
Jeff's twitter: https://twitter.com/JeffSnider_AIP
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PODCAST
Podcast Website: https://whatismoneypodcast.com/
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 The Stealth Emergence of the Eurodollar
00:03:39 Similarities with Stablecoins
00:06:03 The Medium of Global Exchange
00:09:55 Making Money by “Making Money”
00:13:09 Reputation: The Original Store of Value
00:17:46 Regulation Q & Regulation D
00:23:43 Perfect Storm for the Eurodollar
00:31:02 NYDIG
00:32:09 Eurodollar: The First Digital Currency
00:37:18 Final Settlement & Reserve Risk
00:40:00 Accounting Gimmicks & the Bank Balance Sheet Reserve System
00:44:43 The Fed Losing Control of Money in the 1960’s
00:48:23 Differed Store of Value of the Eurodollar
00:51:00 Expectation-Based System Fallacy & Irrational Exuberance
00:56:19 Stagflation in the 1970’s
00:58:36 Phillip's Curve

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