241. Austrian economics intro with The Bitcoi...

Saifedean examines whether growing stablecoin demand can reduce price inflation & help US fiscal solvency. He focuses on often-overlooked trade-offs: lost seigniorage, displaced long-term Treasury demand & bank credit, & more fragile short-term funding & rollover risk.Marina Azzi ...  Show more

Saifedean argues bitcoin mining electricity consumption and capital expenditure may have peaked, and presents the argument as a testable hypothesis, and discusses the long-term implications for bitcoin, mining, and AI.Full Article: https://saifedean.substack.com/p/bitcoin-electri ...  Show more

IN THIS EPISODE, YOU’LL LEARN: 00:51 - What gave Saifedean the idea for the new book. 04:15 - What are the four key elements of how the Fiat system works? 10:38 - What surprised Saifedean the most about what value fiat brings to the existing economy. 15:39 - Inflation is a vector ...  Show more

IN THIS EPISODE, YOU'LL LEARN: How Michael Saylor defines Inflation, risk premiums and hurdle rates The fundamentals of Microstrategy Why he's putting Bitcoin on his balance sheet Why he issued convertible debt to buy more bitcoin How other companies will likely follow suit BOOKS ...  Show more

Saifedean Ammous is an Austrian economist and author of The Bitcoin Standard and The Fiat Standard. Please support this podcast by checking out our sponsors: – GiveWell: https://www.givewell.org/ and use code LEX – Scale: https://scale.com/lex – Uncruise: https://uncruise.com/pag ...  Show more

On listener request, I fly solo for this episode to give Bitcoin newbies and Bitcoin intermediate listeners an overview on 'Bitcoin Austrian' thought. Learn why students of the Austrian school of economics are well placed to understand Bitcoin: