Prof. Richard Werner is best known for proposing quantitative easing while working at the Bank of Japan in the 1990s, and then predicting the 2008 financial crisis. Today, he is a fan of Bitcoin and small community banks.

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Time stamps:

Introducing Prof. Richard Werner (00:00:51)

Richard Werner's View on Bitcoin (00:02:01)

Problems with Central Banks (00:02:45)

Empirical Studies on Money Creation (00:03:01)

Decentralization and Local Banking (00:04:16)

Concerns About CBDCs (00:05:23)

Ideological Conflicts (00:06:38)

Importance of Empirical Data (00:07:30)

Critique of Theoretical Economics (00:09:51)

Scientific Method in Economics (00:11:07)

Concerns About CBDCs and Privacy (00:13:50)

Opposition to CBDCs (00:14:35)

Privacy Claims of CBDCs (00:16:10)

Misunderstanding of CBDCs (00:17:16)

Arguments Against CBDCs (00:18:29)

Transparency in Central Banking (00:19:42)

RFK's Blockchain Proposal (00:20:31)

Personal Experience with Cash Transactions (00:21:43)

Cash Transactions and Personal Choice (00:21:56)

The Human Right to Cash (00:22:53)

The Importance of Demand for Cash (00:24:06)

Accountability of Central Banks (00:25:08)

Support for Local Banks (00:26:18)

Recent Banking Crises (00:28:40)

Analysis of Silicon Valley Bank's Collapse (00:29:49)

Federal Reserve's Role in Banking (00:40:46)

The Federal Reserve's Inaction (00:43:11)

Impact on Farmers in the 1930s (00:44:21)

Centralization of Agriculture (00:45:34)

Critique of Central Planning (00:46:53)

Solutions for Small Local Banks (00:47:09)

Lessons from German Community Banks (00:48:50)