Mainstream, Keynesian economists have a hard time understanding Bitcoin. 

But if you use Austrian economics as a framework, the significance of Bitcoin as a replacement for the traditional monetary system becomes very clear. 

Saifedean Ammous is the bestselling author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, a groundbreaking study of the economics of Bitcoin. 

Saifedean is considered a pioneer in explaining Bitcoin’s value proposition as the hardest money in history and the only alternative to central banks.

On this episode of the Wiggin Sessions, Saifedean joins me to discuss his books The Bitcoin Standard and The Fiat Standard, describing the nuances of Bitcoin that inspired him to create these works.

Saifedean explains why he approaches Bitcoin from an Austrian perspective and how money’s ability to resist debasement is what makes it valuable.

Listen in as Saifedean shares his thoughts on President Biden’s executive order to study cryptocurrency risk and the future of decentralized banking.

Key Takeaways

Saifedean’s background and why he wrote The Bitcoin Standard followed by The Fiat Standard

Why Saifedean approached his Bitcoin research with the Austrian economics perspective

The differences between Austrian economics and Keynesian economics

Why Saifedean argues that money’s ability to resist debasement is what makes it valuable

How the world ended up on the gold standard and why expanding the money supply is not a good idea

Why Bitcoin will be the only escape mechanism to the digital dollar which will be a control tool for the managers of the fiat system

President Biden’s executive order to study cryptocurrency risk and Saifedean’s perspective on the future of cryptocurrency

Why Bitcoin is the only way to escape central banks

Why the total number of bitcoin is capped at 21 million and what will happen to its value when it is done being mined

How governments have used technology to create propaganda to alleviate the impacts of inflation

Connect with Saifedean Ammous

Saifedean’s Website

Saifedean on Facebook

Saifedean on Instagram

Saifedean on LinkedIn

Saifedean on Twitter

Saifedean on Youtube

Connect with Addison Wiggin

Consilience Financial

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Resources

5-Minute Forecast

The Bitcoin Standard: The Decentralized Alternative to Central Banking by Saifedean Ammous

The Fiat Standard: The Debt Slavery Alternative to Human Civilization by Saifedean Ammous

Mises Institute