Lex Fridman interviews Saifedean Ammous, an Austrian economist and author, about the nature of money, its role in civilization, and the differences between hard and soft money. Ammous critiques Keynesian economics, fiat currency, and government intervention, advocating for Austrian economics, free markets, and Bitcoin as a superior monetary technology. The conversation explores the history of fiat money, its impact on society, and the potential for Bitcoin to address issues of inflation, government control, and global conflict, while also touching on the nature of value, the importance of low time preference, and the future of the global monetary system.
Sign in to continue reading, translating and more.
Continue
