How Money & Banking Work (& why they're broken today) - Lyn Alden
youtu.be
In this 30-minute explainer video, Lyn Alden takes a step back through history and looks into the intricacies of money and banking, offering an answer to an ...

cross-posted from: https://lemmy.ml/post/17303063

An enlightening and high quality video on how money and the banking system work, why they are corrupted and what is the solution.

  • Deckname@discuss.tchncs.de
    0·
    5 months ago

    So the advantages of bitcoin are, that it is a market based deflationary money?

    Does she not see what happens with unregulated markets? They gravitate towards monopolies, which is why… we invented regulation and “corrupt officials”.

    Also deflation is way way way more dangerous than inflation, simply because each actors amount of money will start to become more and more worth. This in turn will lead to lower tendencies to invest in new technologies/products and therefor kill progress.