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Saifedean Ammous discusses economic calculation, Austrian economics, hard money, the gold standard and liquidity.
- 00:00:46 - Welcome & Intro.
- 00:01:16 – Why do we mine gold and what is economic calculation?
- 00:05:26 – Saifedean explains how we perform economic calculation and how Bitcoin will affect that.
- 00:08:58 – Why is hard money so important?
- 00:11:46 – What effect does a government setting prices have on money?
- 00:13:55 – Can we avoid the collapse that is inevitable with a fiat system?
- 00:19:36 – Saifedean and Trace explain where Bitcoin falls on the liquidity pyramid.
- 00:25:19 – What is the result of our current financial system?
- 00:27:32 – What effect Bitcoin will have on the economy in the next 200-300 years.