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Brett Scott

Brett Scott has spent over ten years exploring the architecture of global money and big finance, and is constantly on the search for ways to rewire our economic system. In 2013 he published The Heretic’s Guide to Global Finance: Hacking the Future of Money, and in 2022 he published Cloudmoney: Cash, Cards, Crypto and the War for our Wallets with Penguin Random House and HarperCollins. Brett has written for some of the world’s biggest publications, have appeared on major channels, and have spoken at over 250 events in over 30 countries.
March 19, 2024

Credit Theory of Money, Protecting Cash, and Bitcoin Critiques with Brett Scott

I talk with Brett Scott, author of The Heretic’s Guide to Global Finance and Cloudmoney: Cash, Cards, Crypto and the War for our Wallets. Brett does a lot of work supporting the protection of physical cash, and I reached out to him about an article he wrote “The War On Informality” which explores the implication of financial surveillance by credit cards and private banks.This is a thought-provoking episode. We explore the Commodity Theory of Money vs Credit Theory of Money, power dynamics, the importance of cash, and more. Brett offers some interesting critiques of certain Bitcoin narratives and provides some alternative frameworks for looking at how money works.