Latest / The David McWilliams Podcast
The Economics of the Miracle on 34th Street
Santa exists because the people will it to exist"—a lovely line from The Miracle on 34th Street sets the stage for this episode's deep dive into Bitcoin hitting the monumental $100K mark. But is Bitcoin really money? Or just a speculative asset fuelled by belief and lobbying? As we explore the parallels between wampum shells, tulip bulbs, and digital currencies, we unravel the irony of Bitcoin’s journey from anti-establishment rebellion to Wall Street darling. Is this the dawn of a MAGA-backed financial revolution, or a precarious bet on an apocalyptic future where the dollar falters? And…
The skinny
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