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#24 - Bad Money Rising, The Difference Between Starbucks and a Bank
Manage episode 325634433 series 3286751
Вміст надано Jared Klee & Steven Dickens, Jared Klee, and Steven Dickens. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Jared Klee & Steven Dickens, Jared Klee, and Steven Dickens або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
Today's discussion is on bad money, the difference between Starbucks and a bank. Good money is backed by government guarantee or robust regulations. Bad money, like the 100's of billions now held at money services businesses, lacks those protections. It has all the makings of a crisis. We discuss the history of privately issued good money, the rapid growth of bad money, and regulatory updates that can turn the bad money good. Please enjoy this breakdown of bad money.
Special thanks to Dan Awrey for his awesome paper Bad Money.
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For more episodes of Fat Tailed Thoughts, visit fattailedthoughts.com. Past topics include WTF is CPI, Debt Collectors Who Help Rather Than Abuse, Slow Revolutions in Financial Services, and more.
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