Episode 348: Jevons Paradox
Software Defined Talk
00:00
The Individual Transformation of the Fed
The fed, when it wants to, can essentially just issue dollars. So here in the united states there is like stimulus payments or tax payments, like the fed could just give you the money directly. And so what that eliminates is, like, all the people behind the scene, a small fraction, ye. It's like, if you want to think about s all just running on one centralized system,. There's no fees, there's no master carts, no b there's no a, c, a, one sprea.
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