Alright folks, itβs time. Back from Egypt, nostr:npub1a2cww4kn9wqte4ry70vyfwqyqvpswksna27rtxd8vty6c74era8sdcw83a is ready to kick it with me on the nostr:npub1fpcd25q2zg09rp65fglxuhp0acws5qlphpg88un7mdcskygdvgyqfv4sld today.
Sheβs made the rounds on a few shows, but Iβm going to try to focus a lot on money and monetary policy focused on progressives/the left.
What questions do you have for her?
If Lyn were put in charge of the FED, what would be the first three things she would do?
Heard WBD debate on BTC standard potential outcomes.
Gammon is pessimistic that people will repeat the mistakes of history by creating credit, even on a BTC standard, and end up in the same predicament. Cites that on a gold standard prior groups have committed this mistake.
Booth, on the other hand, is optimistic that a BTC standard will change people's beliefs and adopt to a new way of doing things.
Progressive angle: will the desire to help others create another credit system that people will willingly vote for even under a BTC standard? Will history repeat itself?
What does Lyn think?
Gammon has the 5000 years of human history to fall back on, and Booth has the invention of the internet and non-inflationary money to fall back on.
Itβs unfortunate, but Gammon is right, until he isnβt. I agree with Booth that bitcoin is our only chance of essentially creating a brand new paradigm centered around bitcoin.
Whether we choose that is up to us, but I think the incentive to move to less or eventually no credit system is there for the betterment of humanity.
Maybe the same shenanigans and imbalances can take place, but they can't last for decades. France showing up with a ship to claim gold after years of paper claims for gold building up won't be necessary. If France traded dollars for bitcoin, do a transaction. The US (or other) can't lie about how much they have and can't pretend like it's too difficult to transport or custody. Debasement will be sniffed out and rectified much more quickly.
Correct, itβs just honest money
Jeff Snider had a similar point when he debated Lyn Alden. He said people will always want credit and a black market of an alternative money would be created if there was a bitcoin standard.
Maybe they're banking on human nature repeating itself?
True that It's tough to change a mindset to view things differently - like the view from above in certain philosophies or therapies, but we can hope.com π§‘π«π
Who does she think βtheyβ are?
Specifically, if Blackrock and Vanguard own everything - who owns BR and VG?
In the final episode of Special Ops: Lioness the husband of Nicole Kidman hints at this while they discuss pre-trading, after-hours trading and who controls the βbellβ.
ββ
βIf youβre really curious, you should ask me who rings it.β
Why is the CBDC conversation creating such a left/right divide? This is an issue that should be elevated above partisanship. Itβs just too important to let one side run away with the ball.
