There has never been this much money in the world. Now is the time to own real property.
Topics covered include:How to buy something with BitcoinHow cryptocurrencies are similar and different from fiat currenciesWhat is legal tenderWhy there has never been this much money in the worldWhy central banks can control interest rates but not inflationWhat real property should investors own
Thanks to Truebill and Babbel for sponsoring the episode. Use code David for Babbel to get an additional three months free.
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Show Notes
The Power of Gold: The History of an Obsession by Peter L. Bernstein
IRS Virtual Currency Guidance Announcement 2014-21—Internal Revenue Service
Legal Tender Status—U.S. Department of the Treasury
India to propose cryptocurrency ban, penalising miners, traders - source by Aftab Ahmed, Nupur Anand—Reuters
Executive Order 6102—Requiring Gold Coin, Gold Bullion and Gold Certificates to Be Delivered to the Government by Franklin D. Roosevelt—The American Presidency Project
Total Circulating Bitcoin—Blockchain Charts
Federal Reserve statistical release: Factors Affecting Reserve Balances, March 18, 2021—United States Federal Reserve
Money Stock Measures – H.6 Release, March 23, 2021—Board of Governors of the Federal Reserve System
M2 Money Stock/Gross Domestic Product—Federal Reserve Bank of St. Louis
Monthly Budget Review: Summary for Fiscal Year 2020—Congressional Budget Office
A Fed With No Fear of Inflation Should Scare Investors by James Mackintosh—The Wall Street Journal
Biden Administration Officials Put Together $3 Trillion Economic Plan by Ken Thomas and Andrew Duehren—The Wall Street Journal
Turkey faces a currency crisis after Erdogan sacks his central banker—The Economist
Related Episodes
295: Federal Reserve Insolvency and Monetizing the National Debt
316: Paper, Rocks, or Digits—What Makes the Best Money
322: Why Currency Exchange Rates Matter
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