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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