2/4: The First Panic of 2022-2023: More 4/4: The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for the Crypto Revolution by John Tamny (Author)
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 19 March 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
@Batchelorshow
2/4: The First Panic of 2022-2023: More 4/4: The Money Confusion: How Illiteracy About Currencies and Inflation Sets the Stage for the Crypto Revolution by John Tamny (Author)
https://www.amazon.com/Money-Confusion-Illiteracy-Currencies-Revolution/dp/1958682268/ref=tmm_hrd_swatch_0?_encoding=UTF8&qid=&sr=
Money, Tamny argues, is a natural market phenomenon and one that asserts itself even in a world of government-issued paper. While economists and pundits hide behind charts, equations and supercilious commentary about the so-called "money supply," Tamny provides familiar examples from the real-world to expose this mysticism as modern-day phrenology.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | With Workspace, you get a space for your business that's yours to do what you like with. |
| 0:04.0 | To demonstrate how liberating that is, we're going to use the rest of this space to do what we like with. |
| 0:08.3 | So here are the complete works of Shakespeare compressed into a few seconds. |
| 0:11.7 | Now it's the winter of our... |
| 0:12.7 | It's the winter of our... |
| 0:14.7 | It's the winter of our... |
| 0:16.7 | It's the winter of our... |
| 0:18.7 | It's the winter of our... |
| 0:20.7 | Freedom to use and design your space, how you see fit. |
| 0:23.0 | Whether it's your office, workshop or studio, make your business feel at home with Workspace. |
| 0:27.9 | Visit workspace.co.uk |
| 0:35.9 | This is CBS I In The World. I'm John Batswitch. |
| 0:37.9 | John Tamney, the author of the new book The Money Confusion, |
| 0:40.9 | how a literacy about currencies and inflation sets the stage for the crypto revolution. |
| 0:46.9 | We've established that money is for the getting of things. |
| 0:51.9 | Money is the sole use of money, said Adam Smith, in the 18th century, |
| 0:56.9 | circulate consumable goods. |
| 0:59.9 | The goods also require attention to the word credit. |
| 1:04.9 | John, you use the example of Elon Musk when he worked in Canada for a bank. |
| 1:10.9 | He had a vision, a vision of something online, the internet being used to exchange values to buy things or to bank. |
| 1:21.9 | And that was the genesis of what we now know as PayPal. |
| 1:26.9 | But the road to PayPal was failure after failure because he had to invest, he had to attract investors. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from John Batchelor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of John Batchelor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.