Money may be different things to different people. But some forms are better than others. “You cannot walk into Walmart and use gold,” notes Cullen Roche, chief investment officer at Discipline Funds and author of the “Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance.” That’s the ultimate test: the ability to walk into a shop and make a purchase. Roche joins Alfonso Peccatiello, author of financial newsletter The Macro Compass, to discuss all things money. How does it work? What are the implications of unconventional monetary policy? And why is Bitcoin “a terrible form of money”? Tune in for a lively discussion about stores of value, media of exchange, economy, markets, and human behavior. Recorded on January 27, 2022.