Separation of Money & State with Matt Stoller & Peter Van Valkenburgh - WBD438
The Peter McCormack Show
Peter McCormack
4.7 • 2.8K Ratings
🗓️ 17 December 2021
⏱️ 106 minutes
🧾️ Download transcript
Summary
Location: Washington D.C. Date: Saturday 4th December Project: American Economic Liberties Project & Coin Center Role: Director of Research & Research Director
2021 has been a monumental year for Bitcoin for many reasons. As a result, Bitcoin has matured in the minds of casual observers: it is now seriously viewed as a viable alternative to other forms of money. Whilst this is a validation for proponents, such a situation is like a fever dream for those who believe in the primacy of the state.
China has banned private digital assets. The IMF is concerned about the impact of digital assets on financial stability. On Wednesday, the lead economist at the IMF stated that urgent international coordination is required to implement regulation. India's Prime Minister Narendra Modi has echoed these comments.
There are also concerns from more vocal advocates for democracy. Such people argue there is no such thing as deregulation: someone is always making the rules. The decision is whether such rules are made within the purview of collective agreement, or by unelected and unaccountable powers. This community thinks Bitcoin undermines the state and thereby democracy.
Bitcoin is rightly or wrongly associated with an anarcho capitalist ideology. Yet, the Bitcoin community is a broad church. There is a growing sense that a silent majority who still believe in government, but also see Bitcoin as a powerful check on centralised control. They view Bitcoin as second amendment rights for money.
In this interview, I talk to Matt Stoller: author of 'Goliath: The 100-Year War Between Monopoly Power and Democracy', about his recent newsletter post 'Cryptocurrencies: A Necessary Scam?'. To make the case for Bitcoin I am joined by Coin Center's Peter Van Valkenburgh. We discuss the issue of power consolidation, the current crisis with democracy, and the monopoly of money.
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Transcript
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| 0:00.0 | People are running from a system that is clearly organized by cynical kind of malevolent types in the financial system and they're running straight into the arms of a system which is organized by a different group of predators. |
| 0:21.5 | That's the fear I have with crypto. |
| 0:24.0 | Hello there, how are you all doing? |
| 0:27.0 | Welcome to the What Bitcoin did podcast, which is brought to you by Gemini, the only place I am using for buying Bitcoin. I'm your host Peter McCormack and before we get into today's |
| 0:36.3 | interview I do have a quick message from my show sponsors this show is brought to |
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