#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

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/pages/lex
- BiOptimizers: http://www.magbreakthrough.com/lex to get 10% off
- Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil

EPISODE LINKS:
Saifedean's Twitter: https://twitter.com/saifedean
Saifedean's Website: https://saifedean.com
The Bitcoin Standard podcast: https://saifedean.com/podcast
Books & resources mentioned:
The Fiat Standard (book): https://amzn.to/3FmNfsy
The Bitcoin Standard (book): https://amzn.to/3LRrcwA
The Blocksize War (book): https://amzn.to/3LORQ9o
The Theory of Money and Credit (book): https://amzn.to/3ykreZT
Human Action (book): https://amzn.to/3w9LzP4

PODCAST INFO:
Podcast website: https://lexfridman.com/podcast
Apple Podcasts: https://apple.co/2lwqZIr
Spotify: https://spoti.fi/2nEwCF8
RSS: https://lexfridman.com/feed/podcast/
YouTube Full Episodes: https://youtube.com/lexfridman
YouTube Clips: https://youtube.com/lexclips

SUPPORT & CONNECT:
- Check out the sponsors above, it's the best way to support this podcast
- Support on Patreon: https://www.patreon.com/lexfridman
- Twitter: https://twitter.com/lexfridman
- Instagram: https://www.instagram.com/lexfridman
- LinkedIn: https://www.linkedin.com/in/lexfridman
- Facebook: https://www.facebook.com/lexfridman
- Medium: https://medium.com/@lexfridman

OUTLINE:
Here's the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) - Introduction
(07:53) - Money
(20:58) - Gold standard
(34:09) - Collective hallucination
(39:59) - Austrian vs Keynesian economics
(1:12:20) - Free market
(1:28:49) - Monarchy
(1:34:23) - Fiat money
(2:21:13) - SWIFT system
(2:34:03) - Bitcoin
(2:40:20) - Satoshi Nakamoto
(2:48:04) - Criticisms of Bitcoin
(3:03:16) - Football/soccer
(3:06:58) - Criticisms of Bitcoin continued
(3:17:17) - Bitcoin Maximalism
(3:29:40) - Proof of stake
(3:46:46) - Central bank digital currency
(3:57:59) - Michael Malice
(4:00:12) - Advice for young people
(4:06:21) - Palestine
(4:18:00) - Mortality

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/pages/lex

– BiOptimizers: http://www.magbreakthrough.com/lex to get 10% off

– Athletic Greens: https://athleticgreens.com/lex and use code LEX to get 1 month of fish oil

EPISODE LINKS:

Saifedean’s Twitter: https://twitter.com/saifedean

Saifedean’s Website: https://saifedean.com

The Bitcoin Standard podcast: https://saifedean.com/podcast

Books & resources mentioned:

The Fiat Standard (book): https://amzn.to/3FmNfsy

The Bitcoin Standard (book): https://amzn.to/3LRrcwA

The Blocksize War (book): https://amzn.to/3LORQ9o

The Theory of Money and Credit (book): https://amzn.to/3ykreZT

Human Action (book): https://amzn.to/3w9LzP4

PODCAST INFO:

Podcast website: https://lexfridman.com/podcast

Apple Podcasts: https://apple.co/2lwqZIr

Spotify: https://spoti.fi/2nEwCF8

RSS: https://lexfridman.com/feed/podcast/

YouTube Full Episodes: https://youtube.com/lexfridman

YouTube Clips: https://youtube.com/lexclips

SUPPORT & CONNECT:

– Check out the sponsors above, it’s the best way to support this podcast

– Support on Patreon: https://www.patreon.com/lexfridman

– Twitter: https://twitter.com/lexfridman

– Instagram: https://www.instagram.com/lexfridman

– LinkedIn: https://www.linkedin.com/in/lexfridman

– Facebook: https://www.facebook.com/lexfridman

– Medium: https://medium.com/@lexfridman

OUTLINE:

Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.

(00:00) – Introduction

(07:53) – Money

(20:58) – Gold standard

(34:09) – Collective hallucination

(39:59) – Austrian vs Keynesian economics

(1:12:20) – Free market

(1:28:49) – Monarchy

(1:34:23) – Fiat money

(2:21:13) – SWIFT system

(2:34:03) – Bitcoin

(2:40:20) – Satoshi Nakamoto

(2:48:04) – Criticisms of Bitcoin

(3:03:16) – Football/soccer

(3:06:58) – Criticisms of Bitcoin continued

(3:17:17) – Bitcoin Maximalism

(3:29:40) – Proof of stake

(3:46:46) – Central bank digital currency

(3:57:59) – Michael Malice

(4:00:12) – Advice for young people

(4:06:21) – Palestine

(4:18:00) – Mortality