All the Hacks: Money, Points & Life

Inflation and All Things Money with Jacob Goldstein

22 snips
Jul 6, 2022
Guest
Jacob Goldstein
Jacob Goldstein, a journalist and author known for his work on NPR's "Planet Money," joins to unpack inflation and its impacts on our finances. They discuss the origins of money and how societal agreements shape its value. Jacob shares insights on navigating interest rates and effective savings strategies, including I-Bonds. The conversation also explores the evolution of currency, the future of cash versus digital formats, and practical money hacks for smarter financial planning.
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ANECDOTE

Many Moneys

  • In the mid-1800s US, 8,370 types of money existed, similar to the current cryptocurrency landscape.
  • Despite this, governments increased control over money, exemplified by going off the gold standard.
INSIGHT

Bitcoin's Slow Adoption

  • Despite Bitcoin’s age, its widespread adoption as money hasn't happened.
  • Jacob Goldstein hopes for simple blockchain applications beyond just cryptocurrency.
INSIGHT

$20,000 Lunch

  • Jacob Goldstein bought falafel and a smoothie with Bitcoin when it was $20.
  • This now-$20,000 lunch illustrates Bitcoin’s non-currency behavior.
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