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
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