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Podcast: The Peter McCormack Show
Episode: Matthew Meลพinskis on Bitcoin as Base Money - WBD156
Description: Location: Skype Date: Thursday, 3rd October Project: Crypto Voices Role: Host The monetary base is the amount of currency in any one country. It is a combination of both the circulating supply and money held in reserve at the central bank. In the 1900s, the global base currency was gold; however, in 1971, the U.S severed all ties with the gold standard and the monetary base changed to being government-issued fiat currency.ย In a government-issued fiat-based monetary system, the government controls the printing and inflation of its currency. This allows governments to i...