141. FTX: Beyond Ponzi

Saifedean joins Nick Carey to discuss money as a civilizational force: why mainstream economics has an inflation blind spot, how banks "mine" fiat through credit creation, why the rich hold negative fiat balances to acquire hard assets, and how inflation funds war, corrodes moral ...  Show more

Lecture 17 of Principles of Economics explores the economics of defense as a market good rather than a uniquely governmental function, how law and order emerge through voluntary provision, the failure modes inherent of the state's monopoly over defense & law, and what a free mark ...  Show more

In this episode, we attempt to unpack what exactly happened in the crypto market this week which was rocked by news about FTX and Binance, two of the world's largest crypto exchanges.

The move came as FTX CEO and founder Sam Bankman-Fried, who was hailed as something ...

Have you heard about Sam Bankman-Fried and FTX? FTX was the second largest crypto currency exchange in the world and Bankman-Fried was the guy who ran it. He was a young genius, people said. He practiced something called “effective altruism,” gave away money to people on the stre ...  Show more

One of the highest-profile trials of the year, the trial of FTX founder Sam Bankman Fried, has come to an exciting and dramatic conclusion. To help Nicole break down the details of the trial, Nicole calls up blockchain and cryptocurrency expert Ash Bennington. They dig into the f ...  Show more

IN THIS EPISODE, YOU’LL LEARN: 01:21 - Cory's one over the world view of everything happening after the FTX bankruptcy. 07:49 - What are the issues with "Crypto" Venture Capitalists? 07:49 - How the Crypto scam works. 10:29 - Was SBF doing unethical things? 14:44 - How could ...  Show more