Episode Details

Donna Redel (former Managing Director of the World Economic Forum) joins Ron Steslow to put the biggest financial stories in the news into context

(02:00) What would it mean to hit the debt limit?

(03:21) What a U.S. default would mean for individuals

(04:30) The role of trust in the monetary system

(07:00) How does the Fed control money supply

(12:50) Why the size of U.S. debt matters

(14:50) How Bitcoin is different from other crypto currencies

(20:17) How a new dominant currency would impact the U.S. economy

(23:23) The difference between our current currency and central bank digital currencies (CBDCs)

(27:00) The risks of CBDCs

Follow Ron and Donna on Twitter:

https://twitter.com/RonSteslow

https://twitter.com/DonnaRedel

Learn more about your ad choices. Visit megaphone.fm/adchoices