What Bitcoin Did, Released on 6/19/24

Lyn Alden is a macroeconomist and investment strategist. In this interview, we discuss the role of the Fed and central banks, fractional reserve vs free banking, how bitcoin could change these dynamics and if we should actually end the Federal Reserve System. “We actually now have ways to do fast settlement…payments and settlements that can’t be reversed, it’s starts to show that maybe you actually don’t even need a central bank.”

00:00:00 Central/fractional/free banking
00:12:54 Boom then bust
00:24:39 Revolution or redistribution?
00:31:13 Deflation doom; Debt loop
00:43:59 Bitcoin free banking

Lyn Alden is the founder of Lyn Alden Investment Strategy. Lyn has a bachelor’s degree in electrical engineering and a master’s degree in engineering management, with a focus on engineering economics and financial modeling. She worked as an electrical engineer at an aviation facility, and over the course of a decade worked her way up from being an intern to being the lead engineer and running the day-to-day operations and finances of the facility, before retiring early at age 33 with financial independence. Since then, Lyn has been a full-time investor and independent analyst. Her latest book is Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better.

  bitcoin, central banking, dollar, federal reserve, lyn alden, money