Macroeconomist and Investment Strategist Lyn Alden joins me to discuss the IMF paper titled, "The Liquidation of Government Debt". We talk about the many ways governments use coercion and financial repression to liquidate their debts onto productive market actors. We also discuss why gold failed as money and how Bitcoin could change institutional structures worldwide.Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedloveGUESTLyn's Twitter: https://twitter.com/LynAldenContact"The Liquidation of Government Debt" Paper: https://www.imf.org/en/Publications/WP/Issues/2016/12/31/The-Liquidation-of-Government-Debt-42610Lyn's Website: https://www.lynalden.comPODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:Outline00:00:00 “What is Money” Intro00:00:08 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:01:37 Explaining "Directed Credit"00:05:25 How do Governments Persuade Institutions to hold Government Debt?00:08:55 How the Government Implements "Financial Repression" Taxes00:12:31 Misinformation about Unit Bias & Money Printing00:19:26 Societies Lack of Fiscal Prudence due to Money Printing & Government Bailouts00:23:38 How Bitcoin can bring back Honesty in Money00:27:39 What is the Likelihood of Crypto Exchanges going Bankrupt?00:29:04 Would a Bitcoin Standard Stop Money Printing?00:36:14 Watch "Hard Money with Natalie Brunell" From Swan Studios & Bitcoin Magazine00:37:01 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:38:09 How would the State enforce Taxation on a Bitcoin Standard?00:40:40 Would less Taxation force the Government to Downsize?00:43:30 Broken Money Systems Impact on its Community00:47:57 What are the "Pillars" of "Financial Repression" & Discussing "Price Controls"00:55:39 How Currency Debasement Causes Shortsightedness01:01:40 Differences in Economic Policy between America & China01:09:34 Governments Spectrum of "Financial Repression"01:15:08 Where to find Lyn's Work!01:15:44 "What is Money" OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22 WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSESSwan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedloveCrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedloveOkcoin is an innovative and education-focused cryptoasset exchange platform—earn $50 in free Bitcoin by signing up at: https://okcoin.com/breedloveInvest with a licensed Bitcoin advisor through DAIM: https://daimio.typeform.com/RobertBreedloveJoin Me At Bitcoin 2023, pre-order your tickets now (for a chance to win 10M sats, use discount code BREEDLOVE): https://b.tc/conference/2023Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/