We talk with Saifedean Ammous about his latest book, Principles of Economics, as well as about the future of fiat money in the face of the rise of gold and Bitcoin.
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🎓 Enroll in the Master’s Degree in Bitcoin at the University of the Hesperides: https://zma.to/Sxj
Hola, amigos
I am new to this channel
No able espanol
Saif is leading an overhaul in economics with the next generation of thinkers
El tipo este critica a Milei creo que sin fundamento suficiente.
Rallo, dile a Phillipp que le envie mi paper sobre bircoin
Vaya Inglés bueno…jeje
It is non sense to read The Capital with todays eyes because the obvious conclusion would be that it is all wrong in todays world. But it important to put into perspective the focus brought by Marxism on the value of labour and the idea of having a fair share of the value creation ( net profit) generated by the work force productivity. How this economic theory was used politically is a completely different book and a very ugly one.
27:18 ¿Cómo definirías el dinero y qué utilidad atribuirías?
29:05 ¿Qué cualidades debe tener el dinero como medio de intercambio para ser considerado generalizado?
32:52 Producción anual del oro
35:51 Inflación
36:02 deflación
57:33 Theter
1:01:32 la Deuda
1:05:18 Alternativa al dinero fiduciario
Muy buen ingles juan!
That is why every bank must maintain its own reserves of money, so that its policies do not affect the overall money supply.
Fractional reserve banking is fine if all involved parties consent. In a free market, fractional reserve banks will have to provide incentives, such as no fees and higher interest rates. If all depositors consent, it is not fraud.
Gold mining has been going on for 450,000 years
Hoppe has also done incredible work in logic.
Socialism has a calculation problem. Socialism lacks price signals because the government has a monopoly on all means of production. That is why there is incredible waste in Socialist economies, because there is no way to figure out the best and most efficient ways of production. Due to the absence of price signals indicating supply and demand, there is no realistic way to determine what to produce, how to manufacture it, or where to create it.
Austrian Economics is based on logic, and other schools rely primarily on scientific testing. But the fact is that human action cannot be predicted based on the scientific methods designed for material scientists because material does not have intelligence and choices, while humans do. Material strictly follows physical laws while human action does not.
Agree with everything this podcast said except that it’s not bitcoin it’s ethereum. For technical reasons. But economic principles and ideas I agree with everything
Como se nota el acento español cuando hablan inglés, rallo probando novedades ha quedado original la verdad. Austria su economía no es deas que más crezca pero se mantiene estable que ya és decir mucho.
Saifedean es de los mios. El cuento de que necesitamos 2% de inflación y la deflación es mala, es eso, un cuento asustaviejas para robarnos…
Y cuando un cree que Rallo no le puede sorprender más positivamente teniendo el listón tan alto… Aparece esto! Mis dieces 👏
Europe after ruining everything with WW 1 and WW 2: "Americans, help us rebuild our countries, lend us money since you have a strong economy and are well positioned, also, provide us with security so we may rebuild in peace"
Europeans after decades after receiving America help: "Americans, HOW DARE YOU setting your fiat currency to rule the world, and setting Army presence in other countries!"
Sorry Europeans, we didn't know we were supposed to lend you free money, and not think about ourselves when doing it so. Perhaps stop screwing yourselves so much so we can stop coming to your aid? That would be great, thanks. Good luck with your multi-culturalism
Doblad el vídeo al español con IA.
Mucho trabajo traducir al castellano no?
Fabuloso
I enjoyed this very much
Un anarcocapitalista y un minarquista.
El Dr Saifedean es como el Bastos del mundo de habla inglesa.
Si para Bastos es:
Capitalismo, Ahorro y Trabajo Duro!
para el Dr Saifedean es:
Anarcocapitalismo, Ahorro en Bitcoin y Trabajo Duro!
Excellent
Listening to the working capital theory and god there's so many flawed points that made me want to stop watching.
Increible conversación…
Grande Rallo! a compartirlo con los compis europeos ahora!!
Great chat – thank you
Traducelo en español con una pidta de audio
no todos hablamos inglés fluido, podrias haber puesto subtítulos.
Great interview
Saif is the goat I love it when he starts way back in history and boom 💥 he brings it to the present and it hits hard !!
Saifedean Ammous es brillante, claro y directo. Nos recuerda que la disrupción de bitcoin, significa que tenemos un escape del sistema y a la inflación.
Insanely thick spanish accent