Ep. 1481 Does Bitcoin Have What It Takes?
The Tom Woods Show
Tom Woods
4.8 • 3.4K Ratings
🗓️ 30 August 2019
⏱️ 41 minutes
🧾️ Download transcript
Summary
Saifedean Ammous recently debated Professor George Selgin at the Soho Forum on the subject of Bitcoin's suitability to replace existing currencies and challenge central banks. We review that debate in today's episode, and finish with a discussion of Saifedean's latest project.
Show notes for Ep. 1481
Transcript
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| 0:00.0 | The Tom Woods Show, episode 1481. |
| 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, if you're like me, when you criticize the Federal Reserve, you get all these lackey-style responses, |
| 0:20.2 | why the Fed has made the economy more stable. |
| 0:22.7 | You don't want to go back to the 19th century, do you? All kinds of arguments like that. Well, you can |
| 0:27.5 | blow those and others out of the water with my free e-book, Our Enemy the Fed. Grab it at Our Enemythe-Fed.com. |
| 0:36.4 | Hey, everybody, Tom Woods here. |
| 0:38.0 | Safedine Amuse is back with us again today. |
| 0:40.5 | He is the author of the truly outstanding, a very important book, The Bitcoin Standard, |
| 0:45.7 | the Decentralized Alternative to Central Banking. |
| 0:48.8 | And I wanted to talk to him a bit about his recent debate at the Soho Forum, moderated by our old friend Gene Epstein. |
| 0:56.7 | He had a debate with Professor George Selgin about Bitcoin and its suitability to replace existing monies as a money. |
| 1:05.1 | And money in the Misesian sense of being the most commonly used medium of exchange. |
| 1:10.6 | I mean, obviously, Bitcoin is presently a |
| 1:12.9 | medium of exchange, but it's not the most widely used medium of exchange. Is it suitable for that |
| 1:18.6 | purpose? So that was the debate. And I will link to that debate. Why not? What would be the |
| 1:23.0 | point of not linking to it? I'll link to that debate so you can watch the whole thing for yourself, |
| 1:26.9 | if you like, at tomwoods.com slash 1481. Safe, welcome back. Thank you for having me, Tom. I just love the Soho |
| 1:35.6 | forum, and I'm so glad that you got to participate in it. And I could tell from the crowd response |
| 1:41.8 | that you had some supporters in that room. I mean, it was really genuine supporters. |
| 1:46.1 | So I thought it was an interesting debate, and I thought it would be a good moment to have |
... |
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