The "What is Money?" Show

The Century of Central Banking | The Snider Series | Episode 1 (WiM081)

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 Obfuscation of the Eurodollar System
00:01:49 “Money Is Not Wealth”
00:04:21 Money as a “Call Option” on Wealth
00:08:00 The Infinite Elasticity of Fiat Currency
00:15:00 Capitalism's Great Secret
00:19:20 Stock to Flow: The Fed Edition
00:25:20 Inherent Flaws of Humanity
00:32:09 The Elasticity of the Money Supply
00:34:04 Banks: The Great Intermediary of Money & Commerce
00:36:25 NYDIG
00:37:31 The Creature from Jekyll Island
00:39:45 Fractional Reserve Leverage of 1917
00:42:50 The Pre-Greenspan Put
00:47:17 Every Generation Thinks they Invented Sex
00:52:17 What do you do once you're Captured by Inflation?
00:59:32 Gravitation towards Authoritarianism in Trying Times
01:04:26 The Influence of the Flow of Gold
01:08:08 Bretton Woods & the U.S. Dollar Standard
01:14:05 Triffin Paradox, Bretton Woods Default & the Eurodollar Derivative
01:23:47 Benign Neglect

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