Chapter
Redefining the Fiat System
3:45:00 - 3:50:40 (05:39)
Exploring a world without banks in which the government has complete control over the creation and distribution of money.
Clips
This episode explores the possibility of a bankless system, where money is created truly by government fiat and the fundamental reality of fiat is changed.
3:45:00 - 3:50:40 (05:39)
Bankless System
Summary
This episode explores the possibility of a bankless system, where money is created truly by government fiat and the fundamental reality of fiat is changed. The potential of this technology is discussed, including how it could prevent hyperinflation from occurring and the power it could hold if banks were out of the picture.