4. You can order it from Amazon as well as pretty much anywhere where books are sold. Benji Block: Many are going to be familiar with your work but for listeners who may be new and need an introduction, could you tell us a little bit about yourself and your background? Dr. Saifedean Ammous The difference between it and gold is that Bitcoin can travel around the world much faster than gold and it doesnt need government or need permission. You know, individuals are in debt and it makes sense. Ammous touches on the far-reaching implications of various monetary systems and singles out the paradoxes of Keynesianism for an intense critique. "Money: Free and Unfree" with George Selgin (WiM209)-The "Wh Web$8.99 Read with Our Free App Audiobook $0.00 Free with your Audible trial In The Fiat Standard, world-renowned economist Saifedean Ammous applies his unique analytical lens to the fiat monetary system, explaining it as a feat of engineering and technology just as he did for bitcoin in his global best seller The Bitcoin Standard. Agricultural Subsidies: Down on the D.C. Farm, Austrian Economics and the Financial Markets (2010), Austrian Economics and the Financial Markets (1999), Central Banking, Deposit Insurance, and Economic Decline, Choice in Currency: A Path to Sound Money, Depression, Monetary Destruction, and the Path to Sound Money, Despots Left and Right: The Tyrannies of Our Times, The Current Crisis: an Austrian Perspective, Strategies for Changing Minds Toward Liberty, The Coming Currency Crisis and the Downfall of the Dollar, Review of Austrian Economics, Volumes 1-10, Individualism in the Age of the Smart Machine, Lipton Matthews: una perspectiva global de 5 vas sobre innovacin y emprendimiento en los EUA, History of the Austrian School of Economics. In his new book The Fiat Standard, its clear that Saifedean Ammous thinks all bad things come from the government. Even though the Fed backstops government debt markets, implicitly and explicitly, its overwhelmingly clear that government spending is much, much larger than that. As of 2022, Saifedean Ammous has an estimated net worth of $2 million. Saifedean Ammous makes Bitcoin easy to understand for everyone without getting lost in technical details. Thats just taking away from people the ability to plan for the future. Because his YouTube channel is new, Ammous is only estimated to make around $120 to $1,900 annually from the ad revenue. Saifedean Ammouss Wikipedia page has not been featured on any social media platforms despite his popularity in todays world. Remember, Keynesian economics is just one big giant obsession with getting GDP up and exports is positive on In The Fiat Standard, world-renowned economist, Saifedean Ammous applies his unique analytical lens to the Fiat Monetary System, explaining it as a feat of engineering and technology, just as he did for bitcoin and his global bestseller, The Bitcoin Standard. Thats really the best way to navigate it because when you do that, you are benefiting from the decline in the value of the Fiat money over time. The next step was and that The Bank of England effectively started confiscating the gold from people in England and it was a systematic process over five years from 1914 to 1919 where post offices and banks were told to take payment in gold and only give payment in banknotes in order to try and reduce the amount of gold in peoples hands and take the gold for the Bank of England to allow the Bank of England to keep the exchange rate between the banknotes and gold fixed and have to finance the war effort. The Bitcoin Standard is a great book. This episode was recorded on September 8th 2021.Saifedean Ammous is an expert on Bitcoin with a PhD from Columbia University. I was interested in Bitcoin pretty early on. So, everybody in the country is trying to get their hands on as many dollars as they can and trying to get rid of their local lira or riyal or whatever its called, or peso, as quickly as they can because they know that this is easy, and the central bank is making more of it. Then hard money is the dollar or the Euro, which the local central bank cannot print. Success isnt judged in a free market of ideas where everyone puts their work out in the open where people put it to use. Everybody wins in this story except the current money-holders whose holding gets diluted by the new money. Saifedean Ammous: I think, not to ruin the book, well, I will ruin the book for people, but basically Bitcoin fixes all of this. Check out The Once BITten Podcast Episode Page & Show Notes. How Much Saifedean Ammous Worth? The first step was writing and publishing a book called the Bitcoin Standard (conventionally published by Wiley) and then leaving academia for the joys of hard money. If we wish to know more about his career and work, we can go through his site, https://saifedean.com/. net He upgraded to the Bitcoin Standard by exiting academic teaching and switching to entrepreneurial knowledge sharing. I think you present some great thoughts there, but you talk about even maybe shorting the Fiat System. He switched his platform for teaching from the university to the internet, and now is able to reach many more customers citizens of the world who want to learn more about Austrian economics and to understand Bitcoin and hard money. Saifedean blames this on government financing ruining incentives, Instead of a meritocracy, you have to play by the rules to be let in and be given the funding, Result: academia has optimized away from usefulness and towards playing the game. Because it is less uncertain, you start thinking about next year. The Republic awealthofcommonsense.com The latest central-bank data shows that the top 1% of Americans have seen their net worth surge by 29.8% in the pandemic, says Ben Carlson. Although Saifedean Ammous has Saifedean Ammous: This is really, I think, the powerful realization that allowed me to understand how this monetary system works after studying it for quite a while, which is that by analogizing it to Bitcoin or gold, you know with gold and Bitcoin, there is a mining process where new Bitcoins are produced according to a schedule or with gold, people dig and they find gold and they put it on the market but with Fiat, theres no mining. WebAbout Bitcoin Quotes This is a curated list of quotes that highlight key ideas in Bitcoin and related areas. He holds a masters degree from the University of Oxford and has been a visiting scholar at the American Institute for Economic Research in 2018 and 2019. In 2017 and 2019, The Bank of England released some information that had been hiding in their basements for about a century. A fairly basic website (i.e., not requiring any technological expertise or gear that is not available to everyone) is the platform for the new level of knowledge entrepreneurship. Saifedean Ammous Possibly, but in comparison it would be quite limited. Saifedean Ammous: Yeah, I think one of my favorite topics is food and I think in the 20th century, weve moved toward eating all of these substances that we think of as food and that are promoted by food, and that governments have subsidized and promoted heavily and told us to eat, but really, theyre not really healthy foods. If it wants to increase the money supply, theres nothing the public can do about it. The reason that this Fiat System didnt collapse and get replaced by gold, is that you just cant send gold around the world. It is essential reading for anyone interested in learning the role Bitcoin could play in a future regime of free and sound money. Subscribe now to receive the chapters biweekly! We discuss the history of the Fed, Press J to jump to the feed. he's trying to appeal to authority. He teaches economics and hosts a podcast through his website, saifedean.com. The ability of people to plan for the future is compromised because the future is far more uncertain in this kind of world. Podcast Notes isnot associated or affiliated with the source podcast (unless otherwise stated). Parenting challenge: Left to their own devices, kids will eat Twinkies and watch TV all day. From money that is hard to move around to a money that is very quick in moving around, so I think its absolutely fascinating to witness this and Bitcoins continued rise, you know, its price just keeps going up over time, suggests that, in my opinion, this is a superior technology that is replacing an inferior technology. Saifedean Ammous The problem emerges again and again, as Saif isnt bothered by pesky distinctions between various parts of government, and therefore thinks of the central banks money-printing ability as the same as the Treasurys spending ability. Saifedean Ammouss age has not been disclosed on any social media platform, so his age remains a mystery. Digital | Free Full-Text | Faux Semblants: A Critical Outlook on the He is a bestselling author, cryptocurrency advocate, professor and podcaster. No matter how much money you have, you will expect that money to lose value over time and the only way that you can hedge against that, the only way that you can protect yourself against that is to leverage, get into debt and therefore, be on the edge. A Critique of Saifedean Ammous The Bitcoin Standard. If a doctor is a vegan, which do they tell you about first? When you cant save, then you cannot provide for your future so you tend to live day-to-day and moment-to-moment. Even still, the US government manages to raise tax revenue to the tune of $4 trillion a year, almost the full extent of the Feds balance sheet increase from August 2019 until February 2022. Then, after I wrote it, a year or two later, I had a whole bunch of ideas that I was writing about how Bitcoins progress and growth will continue and how I would expect it to grow in the modern world and then I decided that the best way to frame this study would be to study the Fiat system in order to then be able to synthesize the two books together and figure out how Bitcoin evolves in the Fiat standard. They self-selected via Saifedeans twitter feed. WebSaifedean Ammous is Assistant Professor of Economics at the Lebanese American University. So, you know, they want you to do that and so theyre going to cut you in on some of the profits of making that bank. This content is reserved for the thousands of visionaries supporting the financial revolution. WHY ARE Its kind of weird to think about it and write about it this way because this is the economic system in which we live, so its kind of like asking a fish to describe water, but if you take the fish out of water or maybe thats a bad metaphor if you take the fish out of water, itll suffocate. I think the really powerful thing thats happening with Bitcoin and I think a lot of people might be tempted to just dismiss Bitcoin as just another TikTok or another Twitter or social network or something like that I think it is a far more significant thing because its really allowing us to upgrade our monetary operating system from an easy money to a harder money. Digital | Free Full-Text | Faux Semblants: A Critical Outlook on the And further details of his early life are unknown. Saifedean Ammous, the author of The Bitcoin Standard, is also the founder and CEO of https://saifedean.com/. BlockBurn @agoldenliger 5 months ago @QuestioningBTC @schulzzy #Bitcoin doesnt discriminate. Saifedean Ammous ( @saifedean) is a Bitcoin economist and author of The Bitcoin Standard Check out his website Read the Podcast Notes from Stephan Livera Podcast, where Saifedean explains Bitcoin as a Savings Technology Host Daniel Prince ( @princey1976) Why Saifedean wrote The Bitcoin Standard Software Bugs 317. Saifedean Ammous: In the first chapter, I dig into some of the history and interestingly enough, theres a couple of very important historical events that only became well-known in the last couple of years. With money, with a hard money that can hold onto value, you have a reliable way of providing for yourself tomorrow, so you can put your money, you can put your wealth, you can put the value that you produce in the hard money. WebNatalie Brunell talks with leading Bitcoin proponent Dr. Saifedean Ammous. It almost seems in some ways like you went backwards, but you did it on purpose. The Bitcoin Standard: The Decentralized Alternative to Central BlockBurn @agoldenliger , Twitter Profile - instalker.org Granting him some linguistic leeway, government money printers or access to an infinite credit printer doesnt seem to cut it either. Its capricious dynamics and exuberance largely shroud Listen to the weekly academy.saifedean.com discussion seminar, where a group of learners from all over the world discuss the websites online courses, as well as a wide variety of economic, political, and social issues, and occasionally host special guests for the discussion.
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