Money For the Rest of Us
Money For the Rest of Us
J. David Stein
Own What Is Real
23 minutes Posted Mar 24, 2021 at 9:17 am.
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Show notes

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 Bitcoin
  • How cryptocurrencies are similar and different from fiat currencies
  • What is legal tender
  • Why there has never been this much money in the world
  • Why central banks can control interest rates but not inflation
  • What 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.

For more information on this episode click here.

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 bJames 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