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Episode 100 – The Great Simplification (Interviewed by Kate Raworth)

Episode 100 – The Great Simplification (Interviewed by Kate Raworth)
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Only the elites have the ability to have bank accounts : Small biz battles Fed

A debate is raging in Congress and in the courts over the rules about which U.S. banks will have access to coveted master accounts at the Federal Reserve.

Issue #47: Consensus Mechanisms in Traditional Finance and Decentralized Finance

In Issue #36 of Monetary Mechanics, I introduced the idea that blockchain-based finance (i.e. decentralized finance a.k.a. DeFi) is a fundamental improvement in the accounting of economic transactions that facilitates the expression of a whole series of novel financial functions. This expansion in financial functions will undoubtedly be commensurate with the historic explosions in the volume and variety of economic activity that are associated with the Renaissance, the Industrial Revolution, and the post-WWII economic boom.

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