Today I explore an idea posed by Roderick M. on LinkedIn about how fiat currencies could work without being backed by a commodity. I found it an interested though exercise and would love to have this idea built upon or critiqued by others.

Links from the show:

• wtfhappenedin1971.com
• Episode 34: Utility of Bitcoin | Sound Money and Deflationary Currency
• 41: Distorted Markets, Inflation, and the Federal Reserve with John Coffey | Part 1

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