#012 - David Zell - The Separation of Money and State
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 10 October 2024
⏱️ 165 minutes
🧾️ Download transcript
Summary
David Zell is the Executive Director of the Bitcoin Policy Institute, a think tank focused on the public policy implications of Bitcoin.
In this episode, we discuss the political landscape surrounding Bitcoin, its role as an insurance policy for both individuals and nation-states, how Bitcoin competes against traditional currencies, the global demand for stable money, and its implications for U.S. geopolitical strategy, especially in contrast to authoritarian regimes like China. We also discuss the politicisation of Bitcoin, potential regulatory threats, and how Bitcoin's existence challenges traditional financial systems.
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Transcript
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| 0:00.0 | The same way I sort of like to talk about Bitcoin as an insurance policy for, you know, |
| 0:04.2 | individual humans, Bitcoin is easily understood as an insurance policy for nation states. |
| 0:09.0 | Generally speaking, America promotes a form of political economy that is quite good, especially |
| 0:19.4 | in contrast to the 54% of nation states that are sort of aptly |
| 0:26.2 | characterized as dictatorships or authoritarian regimes. And our greatest competitor on the |
| 0:31.5 | international stage, China is working extremely hard to export a model of political economy that |
| 0:37.0 | is just really awful and bad |
| 0:40.6 | with respect to human flourishing and human liberty. And I think in those places where China's |
| 0:48.0 | working really hard to get a foothold, the existence of Bitcoin is quite beneficial for the |
| 0:53.2 | United States. If people are adopting Bitcoin over, say, a digital Yuan, then that is, of course, |
| 1:00.0 | on balance, beneficial for America and, like, the West. |
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| 1:52.6 | iron.com. That's funny. Still on the nicotine. Yep. But, you know, moving up in the world, I'm on |
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| 2:05.4 | Have we started every podcast? |
... |
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