333. The Fiat Trap with Nicolas Cary

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 interview with Mario Nawfal, Saifedean presents the Misesian case against Israel, and argues the only way to understand the Palestinian/Israeli conflict is that it is the result of the denial of property rights for Palestinians based purely on their not belonging to the r ...  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, author of the Bitcoin Standard and the upcoming book, The Fiat standard rejoins me on the show for an illuminating episode where we explore various ideas:

IN THIS EPISODE, YOU’LL LEARN: What Elon Musk's impact will be w/ Bitcoin Bitcoin energy concerns Bitcoin centralization concerns Bitcoin Payment times Stanley Druckenmiller's comments on the dollar losing global reserve status How are corporate boards viewing the Bitcoin volatil ...  Show more