Ep. 1171 The Bitcoin Standard: The Decentralized Alternative to Central Banking
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 4 June 2018
⏱️ 47 minutes
🧾️ Download transcript
Summary
No wonder my listeners demanded this episode. Saifedean Ammous takes an economic perspective informed by the Austrian School and applies it to Bitcoin and why it matters. He discusses the various roles Bitcoin can play, and parries common objections. (We also take an animated detour into the BCH/BTC discussion, for those of you interested.)
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1171. |
| 0:03.4 | Prepare to set fire to the index card of allowable opinion. |
| 0:08.0 | Your daily dose of liberty education starts here, the Tom Woods Show. |
| 0:14.2 | Folks, we hear a lot of anxiety these days about people's jobs. |
| 0:17.1 | They're afraid of automation, robots taking their jobs, they're afraid of the pink |
| 0:20.9 | slip, they're afraid that maybe a tweet is going to get them fired. Well, whatever the case may be, |
| 0:25.2 | in the age of the internet, there's no excuse not to be starting on your side hustle that could |
| 0:30.2 | someday be converted into your primary gig. I've got some step-by-step approaches for you in my free |
| 0:36.1 | e-book over at paths to income.com. |
| 0:40.0 | Hello, everybody. Tom Woods here. We've got a great Bitcoin episode for you. And if you're |
| 0:44.9 | inclined to say, I don't listen to Bitcoin episodes, well, you're wrong. Well, you might be |
| 0:49.1 | right that you don't listen to Bitcoin episodes, but you're wrong not to listen, particularly |
| 0:52.9 | today because Safedin Amuse is going to |
| 0:56.8 | get you very, very interested in the subject. Here's somebody who understands economics inside and out. |
| 1:03.3 | He's super duper great and sound and solid on that. And he also understands Bitcoin inside and out. |
| 1:09.2 | And he's written a very, very interesting and |
| 1:11.7 | important new book called The Bitcoin Standard, the Decentralized Alternative to Central |
| 1:17.1 | Banking. |
| 1:17.7 | He holds his Ph.D. from Columbia University, where he is a member of the Center on Capitalism |
| 1:24.1 | and Society, and he is a professor of economics at the Lebanese American |
| 1:28.8 | University. Safe, welcome to the show. Thank you so much for having me, Tom. It's a pleasure. |
| 1:33.8 | This is quite a book, and I don't understand how it is that I was not familiar with you before, |
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