Author and journalist Jason Kersten joins us to discuss his new book, "The Art of Making Money: The Story of a Master Counterfeiter."
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On today’s Planet Money, we look at a new kind of currency that’s not backed by any government.
âThe rule of law has basically been thrown out the window. Money printing is the order of the day. And when politicians take control of central banks, which they have done in the United States and they are also doing in Europe, that basically destroys
Bitcoin is a new kind of currency. But unlike, say, the dollar or the yen, it’s not backed by any government. Also, you can’t hold it in your hand or put it in your pocket; it exists only on computers.
Bitcoin is supposed to be cash for the Internet age — anonymous money that anyone can use without using a credit card or going through a bank.
On today’s Planet Money, try to get our hands on a few bitcoins, which turns out to be harder than it sounds.
We dig into some basic questions that come up when you’re creating a new currency from scratch.
And we buy lunch.