WHEN BITCOIN WAS A BUBBLE AT $36-$45,000.00: 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
🗓️ 18 January 2025
⏱️ 8 minutes
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Summary
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.
He makes plain throughout a book that rejects nearly all conventional wisdom about money that a focus on "money supply" is the surest sign of a thought process hopelessly off course. In truth, trusted money in circulation is a natural consequence of commerce, not the instigator as economists imagine.
That a free market for money has formed in a world of government currencies is what sets the stage for private money as the eventual replacement for government mediums of exchange. Precisely because money facilitates global cooperation on the way to staggering advances in productivity, it's essential that money be trusted as a measure in the same way that the mile, degree and tablespoon are trusted today.
Although academia and policymakers misunderstand money and inflation to a frightening degree, the thinkers, innovators, and risk-takers have forged a better way. The future is here for money; and that future, Tamny explains, is blindingly bright.
1910 WALLSTREET BROKER.
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| 1:00.8 | This is CBSI and the world. I'm John Batchew with John Tamney. His new book is The Money |
| 1:05.4 | Confusion, how illiteracy about currencies and inflation sets the stage for the crypto revolution. |
| 1:12.7 | Crypto much in the news because of what right now are questionable activities by crypto exchanges. |
| 1:20.2 | There are many of them around the world. |
| 1:22.5 | They seem to be doing business with each other. |
| 1:25.6 | Bitcoin is the best known cryptocurrency. Ether, Ethereum is also, |
| 1:30.2 | but there are many more that have been invented in these last years or created and said to have |
| 1:36.6 | value. And that's all in play right now. However, Mr. Tamney has a vision of the future that doesn't |
| 1:43.0 | involve questions about fraud and mixing |
| 1:46.2 | funds together, exchange funds together with speculation. John, you write or you quote a wonderful |
| 1:54.6 | irony. The fall of crypto, we'll know cryptos for real when it collapses. Have we got the proof, John? |
| 2:02.7 | Yes. I first wrote that in 2021 when crypto was at highs. I said, this is not a sign it's for |
| 2:10.2 | real. When the coins collapse, we'll know it's for real because that's a sign of a more serious, |
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