In Money We Trust

Donna Redel (former Managing Director of the World Economic Forum) joins Ron Steslow to put the biggest financial stories in the news into context (02:00) What would it mean to hit the debt limit? (03:21) What a U.S. default would mean for individuals (04:30) The role of trust in the monetary system (07:00) How does the Fed control money supply (12:50) Why the size of U.S. debt matters (14:50) How Bitcoin is different from other crypto currencies (20:17) How a new dominant currency would impact the U.S. economy (23:23) The difference between our current currency and central bank digital currencies (CBDCs) (27:00) The risks of CBDCs Follow Ron and Donna on Twitter: https://twitter.com/RonSteslow https://twitter.com/DonnaRedel Learn more about your ad choices. Visit megaphone.fm/adchoices