Paper money is called “fiat currency” because it only works if we all agree it works – by fiat. Recent interest in alternative money like gold and cryptocurrencies is evidence that some are losing confidence in fiat money.
Inflation is becoming a big concern. Inflation will trigger bursting of stock and bond market bubbles, but a run to safety needs to consider the eroding effects of inflation Safety needs to be sought in inflation protected investments.
$6 trillion in COVID relief has tipped the economy over the monetary edge. We’ve been ”poking the bear” testing to see how much money can be printed without repercussions. The bear is awake now and on the attack.
Field of Study: Finance
schedule2 hours on-demand video
signal_cellular_altIntermediate level
task_altPreparation required
calendar_todayPublished At Jun 23, 2022
workspace_premiumCertificate of completion
errorPlease read Cryptocurrency: What it is and How it Works - NerdWallet (attached in the course resources)
calendar_todayUpdated At Aug 8, 2024