Summary: You don't need to be an economics buff to enjoy Gavin Jackson's "Money In One Lesson". The fascinating book breaks down money and charts its history in a user-friendly manner. In this podcast Gavin talks about stuff like this: What's common between most of the monetary system, including banks, and the hawala system? How has it inspired entrepreneurs to enable peer-to-peer lending? How cryptocurrency takes a few lessons from the centuries-old diamond trade in Surat where angadias or young couriers in Gujarat transfer millions of dollars worth of diamonds everyday to rank strangers solely on trust. What did we learn from the 2008 financial crisis? It's almost always better, he says, to be faster at cleaning up the aftermath than to let banks live in their mess as a punishment. More recently, why did the Silicon Valley Bank implode despite all those learnings? In Dante's Inferno, sodomites and money lenders occupy the same circle of hell. Why does money get a bad rep? And a lot more.
