From Banker to Revolutionary: Meet the Woman Trying to Fix Our Financial System | Caitlin Long & Kate Wand
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Show Notes
Can a former Wall Street banker fix our broken financial system? Or will the banking cartel succeed at destroying the competition?
In this episode of Liberty Curious, Kate Wand had the honor of speaking with Ms. Caitlin Long, founder of Custodia, a financial institution anchored in Bitcoin, sound money, and safe banking. Long has been fighting an ongoing battle with the most powerful institutions in the world, in her fight of Custodia vs. the Fed. We discuss the importance of economic freedom in a rapidly centralizing world, the philosophy that shapes Long’s decisions, and the implications of the Fed denying Custodia's application for membership. We dive into the Fed's balance sheet, fractional reserve banking, and the link between Austrian economics and Bitcoin. She explains why she sees Bitcoin as so important, and how it is linked to both personal and economic freedom. We also touch on the history of the banking system, bank failures, central banks, and CBDCs. This is a real-life David vs. Goliath tale, and Caitlin Long is fighting for all of our economic and personal freedoms.
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0:00 - Intro
1:13 - Caitlin Long
4:05 - fractional reserve banking
7:13 - Focus of Custodia
13:05 - Changing the architecture of the banking system
20:54 - There's something broken in the system
28:23 - Austrian vs. MMT
33:08 - Bitcoin & decentralized banking
37:50 - Bitcoin skeptics & fiat money
45:50 - Authoritarian regimes & bitcoin
48:00 - Custodia & self-custody
50:54 - Choking the competition
57:00 - What do you want your bank to be?
59:13 - Why? (CBDC)
1:01:49 - Last thoughts
*** Please note that the opinions expressed in this podcast are solely those of the host and her guests. They do not necessarily reflect the views of the American Institute for Economic Research. The content presented in this show is intended for educational purposes only, and should not be considered as financial advice. ***