sourcenode on Nostr: I'm listening to this now, about 30 minutes in. I find this guy's economic theory ...

I'm listening to this now, about 30 minutes in. I find this guy's economic theory really challenging to understand or relate to.

It sounds like he's advocating for credit based monetary expansion by private institutions, which is very similar to what we have with the federal reserve. He hasn't mentioned the bond market yet, but he's against sound currency.

I'd take the time to consider what he's saying, but now that bitcoin exists his opinion is irrelevant to me personally. I would never choose to use an inflationary credit currency over bitcoin.

Maybe I'm missing something?