Comments by "Tony Wilson" (@tonywilson4713) on "" video.

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  3. Hey Steve when I first started engaging you on the livestream I asked about THAT PAPER and nobody seemed to know WTF I was talking about. I'd first heard about it via Mark Blyth circa 2019/20 In the Q&A after his lecture at McMaster on Global Trumpism he's asked about Bitcoin. For anyone else put this into the YouTube web address above -> watch?v=KGuaoARJYU0 Even 5 years later that lecture is still worth the time and the Q&A is gold. Other than the Bitcoin question he gets asked about Elizabeth Warren and the answer he gives explains BOTH the 2020 and 2024 American POTUS elections. Its amazing how damn accurate he was. That's part of why I keep bugging you to have him on. Considering he's trying to plug a book right now that should be easy. Respecting Bitcoin he said what the 3 required qualities of what makes money money and why Bitcoin isn't money. Sometime later on another podcast he said where to find that explanation. That paper you mention on the creation of money is the SECOND OF 2 PAPERS in the Bank of England Quarterly Bulletin - 2014 Q1. Its easy to find just google "2014 bank of england report q1" it usually comes up as the first search. As somebody WHO IS NOT an economist I think its incredibly important that everyone knows about these 2 papers NOT just the one you reference. Because the first paper is titled _*"Money in the modern economy: an introduction ":_ There's even a link to a YouTube video in that paper explaining the basis of why we have money. One of my great beefs with Economics education is that Econ 101 (which I did) SHOULD HAVE COVERED a basic history of money and monetary systems along with a few other things. Instead from the first second we had market economics rammed down our throats. Understanding what money is and how it fundamentally works is one of the most misunderstood topics there is. Its actually just like electricity. Everyone thinks they know what it is until they get asked how the power in their house actually works. Be careful on that its my favorite way of embarrassing other engineers.
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