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Equality, Sufficiency, and What is Money with Andrew Bailey
Manage episode 303448622 series 2860503
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Guest: Andrew M. Bailey, a professor at Yale-NUS College, where he teaches classes and conducts research on money, philosophy and politics. He is one third of the Resistance Money Bitcoin Research Collective alongside Bradley Rettler and Craig Warmke, both of whom are past guests on this podcast.
Insight: Bitcoin can be many things to different people: a store of value, a tool for social justice, a means of exchange, an organizing principle for folks who think the traditional financial system is broken. Detractors often cite this multiplicity as a negative. But recent trends in our industry have pushed advisors to start understanding that money itself means so many different things to our clients. From that perspective, Bitcoin is just one piece of a much larger financial narrative in which people are constantly defining and redefining what their money is for and what/how much they need to be happy.
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