This episode deals with the logistical solutions that human society had to come up with to effectively share resources and quantify value: money. In this episode, after understanding the anthropological necessity for money, we understand how the transference of money evolved. Dheeraj Shah helps me understand why currency or money was agreed upon to be rare metals like gold, and then how and why we shifted to cash transactions equivalent to gold, and finally how money came to have its own value and generated through our current debt systems. Dheeraj Specifically helps us with understanding what Decentralised Finance is and how bitcoin in specific is the ultimate experience in decentralized finance.
Books reviewed for this episode:
Treaties on Civil Government - John Locke
The Problem with Indian Rupee, and its Solution - B.R. Ambedkar
Simulacra and Simulation - Jean Baudrillard
History of Weimar Republic - Charles River Editors
Gold Standard in Theory and History - Richard Eichengreen
Other Content reviewed/suggested:
Cold Fusion - How is money created?
https://www.youtube.com/watch?v=mzoX7zEZ6h4
Adam Mckay(dir.) - The Big Short
(available on Netflix)
Dylan Mohan Gray - Bad Boy Billionaires India
(available on Netflix)
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