17.5 What is Fiat Base Money? || Matthew Mežinskis

Join the Wasabikas - a Bitcoin Privacy Podcast
04/06/2021 4 min Temporada 1 Episodio 17

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Episode Synopsis

Matthew explains what makes up the base money supply in a fiat system, physical cash notes and coins, as well as reserves at the central bank. The reserves are traded among banks, as well as used to buy government debt. Inflation is properly defined as an increase of this base money supply.
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