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Free Banking on a Bitcoin Standard | #343
Manage episode 484947373 series 2613758
'Free Banking' advocates want banks to be able to issue their own currency and let the market dictate answers to questions regarding things like the currency's relation to various precious metals and optimal levels of bank reserves. Such advocates historically have argued that the market would settle on something like a gold standard but have disagreed about fractional reserves. Russ leads an informative discussion of how bitcoin fits into this picture. Join in for a discussion of what may be the future of banking, bitcoin, or both!
343 episodes
Manage episode 484947373 series 2613758
'Free Banking' advocates want banks to be able to issue their own currency and let the market dictate answers to questions regarding things like the currency's relation to various precious metals and optimal levels of bank reserves. Such advocates historically have argued that the market would settle on something like a gold standard but have disagreed about fractional reserves. Russ leads an informative discussion of how bitcoin fits into this picture. Join in for a discussion of what may be the future of banking, bitcoin, or both!
343 episodes
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