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Broken Money

There is quite an amount of articles and opinions about the high levels of debt to GDP and how that fact is putting in danger the current Monetary System that was put in place (with some important variations 50 years ago) after the Second World War in Bretton Woods. The video below, which is a visual summary of the book Broken Money by Lyn Alden, explains the history of money, the evolution from prior systems to the current one, the current challenges, and potential solutions. It is an excellent exercise of synthesis, where a lot of ground is covered in the 30 min that lasts. Her conclusion (spoiler alert) points to a decentralized monetary system where no authority reigns over the free flow of capital and where the monetary base is fixed.

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