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Podcast: The Jim Rutt Show
Episode: EP47 Mark Burgess on the Physics of Money
Description: Mark Burgess talks with Jim about money through the promise theory lense -- banks, debt, interest, deflation, stockpiling, entropy, crypto, and much more...
Author, founder & scientist Mark Burgess talks with Jim about promise theory, the many functions of money, its network transfer & physical components, spacetime’s connection to money’s ability to store value, the role of banks, memory & debt, interest & the logic of never-ending growth, deflation & negative interest rates, micro vs macro perspectives on money, geopolitics & foreign exchange, monetary velocity & impacts of stockpiling, currency demurrage, entropy in money, trust, the emerging monetary system in China, Mark’s views on crypto...