Just like year, the unlikely reformer, carter glass and financial regulation. The format today, matts going to talk for however long he wants. We have a few images to supplement then hell take some questions, so come on up. Welcome. Id like to thank chuck and the other people at the Historical Society for having me here today. This is a strange introduction. I had a funny thing happen getting here. I live in chevy chase, maryland, and i didnt want to drive and look for a parking space so i called lyft and they came within a minutes. I was barely putting on a tie, learning how u to tie a tie again and when i get in as he was pulling away, i realized i did not put a belt on my trousers so i had visions of being on cspan with my trousers falling down, luckily, chuck brought me a belt. Youre saved from that, if not my speech. Ill talk for 20, 25 minutes then take your questions. Carter glass was a major figure in American History. A recent writer, richard farley, called him quote, the sing
Me as a Landmark Book on mutual funds by Oxford University press early in the last decade. He followed it up with this book just last year, the unlikely reformer carter glass and financial regulation. The format today, matt is going to talk for however long, we have a few images to supplement his discourse and then you will take some questions, right . So come on up. applause id like to take chuck and the other people for having me here today. I live in cherry chase, maryland and i did not want to drive and look for parking space so i called a lift and they came within a minute. I was barely putting on a tie in learning how to tie a tie again. When i got in the lift as hes pulling away, i realize i did not put a belt on my trousers. I had visions here being on cspan with my trousers falling down. Luckily chuck and one of his colleagues brought me a belt. You are safe from that at least not for my speech. I will talk for 20, 25 minutes and then take some questions. Carter glass was a ma
Joined me every thursday on the alex simon show and ill be speaking to guest of the world of politics sports business im show business ill see you then. Welcome back to kaiser report Summer Solutions series on the x. Prize with stacey harbor and today were going to be talking about the many selves of money self sovereignty self custody and Self Reliance joining us very quickly will be jamison of cheese dot com stacy yes and i just you want to say of course that max and i did invest in casa because we use the service on that some amazing really so jamison i want to look at a piece from Forbes Magazine that somebody was tweeting about their article said that 15 percent of American Adults now own some form of cryptocurrency more than half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robin
Many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what do they do now like. You know theres no bailout theres no 2nd stimulus theres no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off an exchange ship they put it on hardball which they do buying is only the 1st step generally when youre buying in this space youre not actually buying bitcoin youre buying the promise of a bit coin or a big coin iou it is really similar to the Banking System and that you know you might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of whatever but when it comes down to it at the end of the day theres Counter Party risk and as long as someone else is actually holding on to that asset then it can be taken from you or any number of things can go wrong you might not be able to actually access it when you need it so the 1st
Half of those invested for the 1st time in the 1st half of 2020 on average they invested about 67500000000. 00 in crypto currency roughly 4000. 00 per person so locked down stimulus money has been good for a lot of people theyre pouring their money into robin hood up and apparently and many people are buying crypto currency if theyre buying bitcoin which they should be instead of crypto what do they do now like. You know theres no bailout theres no 2nd stimulus theres no sort of moral hazard available in the big quiet space so what do they do once they get that big client said they take it off an exchange ship they put it on a hard while which they do buying is only the 1st step generally when youre buying in this space youre not actually buying bitcoin youre buying the promise of a bit coin or a big coin iou it is really similar to the Banking System in that you know you might have a website that says you own a certain amount of money a certain amount of that coin a certain amount of