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As a company, all companies are constantly borrowing, governments are constantly borrowing, everybody is in debt and thats just how the system works. net WebBitcoin was created to be a store of value (yes, perceived value, just like fiat, gold, etc., yet as long as it has perceived value then it is worth having). Subscribe now to receive the chapters biweekly! Benji Block: Wow, thats a great explanation. You can read the red line as the increase in new money stemming from the Fed as a flow rather than a stock indicator, becoming directly comparable to the governments annual expenditures. Why waste money on something you can learn about openly on the internet? Ive left my job at university and now Im an author and an independent educator. And where is the compelling evidence for it that validates Saifedeans harsh words? He innovates in channels and distribution. Gold & "The Bitcoin Standard" | Real Vision But by how much? 0 3. Joseph (@bruhh_austin) / Twitter He is considered one of the greatest investors in FREE when you join over 50,000 subscribers to the Podcast Notes newsletter. With Bitcoin, you can be your own bank. "Money: Free and Unfree" with George Selgin (WiM209)-The "Wh Heres my conversation with Saifedean Ammous. Saifedean Ammous is the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, the best-selling groundbreaking study of the economics of bitcoin. So then next year becomes less uncertain. Canola oil is industrial waste. If it wants to increase the money supply, theres nothing the public can do about it. Saifedean Ammous: Yeah, thats what a lot of people tell me that, once you see Fiat somewhere, you cant just see it you cant unsee it. WebThe 20th century saw economic booms and shocks that caused governments worldwide to develop new systems for managing systemic risk while encouraging growth of the private sector. Then Fiat money comes along and effectively reverses that process because it takes away from us the ability to provide for the future. Suggestions are welcome via an issue or PR on GitHub. " And like, and, [00:05:40] and really think about it not so wouldnt you rather have the Hashemites in Lybia?