Book Notes · Markets & money
Broken Money
Lyn Alden's history of money as a ledger technology: why money's settlement speed fell behind its transaction speed, how that let banks and governments debase it, and her case for bitcoin as a new settlement layer.
Step 1 of 5 · Overview25 min read ·
Key idea
Prereqs: How banks create money; Inflation. Next: Number Go Up; The Bitcoin Standard (compare). Book: Lyn Alden, *Broken Money: Why Our Financial System Is Failing Us and How We Can Make It Better* (2023).Next: 1. The thesis