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The Compound and Friends

Here Comes the Digital Dollar!

The Compound and Friends

Josh Brown

Investing, Business News, News, Business

4.72.2K Ratings

🗓️ 4 December 2020

⏱️ 75 minutes

🧾️ Download transcript

Summary

On today's episode of The Compound Show, Josh talks with Representative Patrick McHenry (R- NC), the Republican leader on the House Financial Services Committee about the current stimulus talks, the future of capital formation and the inevitability of a digital version of the US dollar. Then, Marc Rubinstein of the substack letter Net Interest joins the show to discuss China's experiment with digital currency, the issues surrounding censorship of money, rogue traders, financial startups, hedge funds and much more. If you like the show, tell the world by leaving us a rating and review! Obviously nothing on this channel should be considered as personalized financial advice or a solicitation to buy or sell any securities. See our disclosures here: https://ritholtzwealth.com/podcast-youtube-disclosures/ Hosted on Acast. See acast.com/privacy for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Okay, today I'm going to need everybody to be on their best behavior.

0:04.0

I'm on my best behavior. I'm wearing a sweater vest so you know it's real.

0:10.0

Today we have on the compound show

0:13.7

uh... congressman

0:15.1

representative patrick bkenry

0:17.5

and patrick bkenry is the ranking member

0:20.0

he represents the tenth district of north kowelina but he is the republicanth district of North Carolina but he is the Republican

0:23.7

leader of the House Financial Services Committee and I've asked Wett

0:28.9

McHenry to come on and talk about the stimulus bill that, you know, it's, we could see something any day now.

0:36.1

It looks like they're very close in the Senate.

0:38.1

There's a lot of important stuff going on right now related to the economy, related to markets.

0:43.3

Representative McHenry has been at the forefront of items like crowdfunding and entrepreneurialism

0:51.0

and capital formation, and he's one of the more forward thinking, forward looking

0:57.2

members of Congress dealing with the issues that we talk about in the markets every day.

1:02.6

And so I'm really excited to bring you that interview.

1:05.6

Not one F-bomb from me, so you guys will,

1:08.0

you guys will be proud of me for that,

1:09.6

but it's a great conversation and we get into everything from the new PPP program that should be specifically

1:18.0

targeted to the hardest hit industries in the country, specifically hospitality, restaurants, etc. We talk a little

1:25.4

bit about capital formation, funding businesses, building new businesses, becoming

1:30.0

an entrepreneur, and we talk about some of the biggest issues revolving around the

1:36.4

digital dollar which is the theme of today's episode and if you are not up to speed

...

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