In this week’s episode of the Ownership Economy, Jahed and Martin where joined by UN macroeconomist Dr. Hamid Rashid.. In this episode, we start out of a recap of Episode 11 where we explored the impact of monetary policy on the ownership economy. We recommend listening to that episode first before this deep dive on the tension between stability and efficiency in the design of decentralized finance protocols. Dr. Rashid walks listeners through a short history of the banking industry in the US to contextualize the current challenges in building decentralized finance systems.