Saifedean's The Bitcoin Standard Podcast is the place to discuss Bitcoin and economics from the Austrian school's perspective. Listen to the weekly saifedean.com discussion seminar, where a group of learners from all over the world discuss the website's online courses, as well as a wide variety of economic, political, and social issues, and occasionally host special guests for the discussion. The podcast also includes the most interesting interviews conducted with Saifedean on other shows.
119. The Magic Money Tree - Interview With Isabel Oakeshott and James Melville
In this episode Saifedean joins Isabel Oakeshott and James Melville for an interview at the Speakeasy Podcast. They discuss why Saifedean decided to write The Bitcoin Standard, his views on the recent bitcoin price dip and the impact of the fiat “magic money tree” on society.
The Speakeasy podcast on Apple Podcasts.Saifedean’s first book, The Bitcoin Standard available in 20 languages.Saifedean’s second book, The Fiat Standard available in English, Turkish, Spanish and French.All of Saifedean’s podcast episodes are available at saifedean.com/podcastSaifedean on Twitter.Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses – including his new course ECO22: The Fiat Standard – and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
118. The Islamic Case for Bitcoin
In this interview with the Practical Islamic Finance podcast, Saifedean discusses Bitcoin from an Islamic perspective, and makes the case for why it is more compatible with Islamic Sharia law than government money. Whereas the creation of government money happens through the creation of interest-bearing debt which is forbidden in Islam, the creation of bitcoin is no different than the creation of a market commodity, with a competitive market for its production. Bitcoin's decentralization makes it uniquely different from all other digital currencies because it makes it a free market commodity, and not a tool that allows its issuer control over its users.
Visit saifedean.com/arabic to download The Bitcoin Standard and Arabic language bitcoin materials for free.Podcast episode The Problem with Interest with Tarek El Diwany for discussion of riba and decentralization in publishing the Koran.Tarek El Diwany’s book The Problem with Interest.Podcast episode Islamic Finance and Bitcoin with Safdar Alam for discussion of how modern Islamic Finance “mimics” the fiat system, and is in need for reform.Safdar Alam’s Twitter thread on why Islamic banking needs to reform.Safdar Alam’s textbook Islamic Banking in Practice.Podcast episode Bitcoin: The Most Islamic Form of Money? with Harris Irfan for discussion of why bitcoin could be the most sharia-compliant form of money.Harris Irfan’s book Heaven’s Bankers for an exportation of the hidden world of modern Islamic Finance, and blog drawing on its contents.Harris Irfan’s article Cryptocurrency and the Future of the Islamic Economy.The Blocksize War by Jonathan Bier for discussion of failed attempts to change the consensus parameters of bitcoin.Keynes: The Man by Murray Rothbard for discussion of the lifestyle and motivations of John Maynard Keynes.See chapter “Bitcoin is Halal” of Bitcoin is Venice for discussion of how bitcoin dramatically reduces the need for debt and encourages a financial system strongly aligned to Islamic principles. Also available as standalone article.The Practical Islamic Finance Podcast.Saifedean’s first book, The Bitcoin Standard available in 20 languages.Saifedean’s second book, The Fiat Standard available in English, Turkish, Spanish and French.All of Saifedean's podcast episodes are available at saifedean.com/podcastSaifedean on Twitter.
117. The Problem with Interest with Tarek El Diwany (and Allen Farrington!)
Tarek El Diwany’s book “The Problem with Interest” has attracted attention from scholars of Islamic finance and bitcoiners alike, including Allen Farrington, whose newly published book, Bitcoin Is Venice, draws heavily on Tarek's work. In this episode, Saifedean hosts Tarek and Allen to talk about the morality of lending with interest, why the practice is prohibited in Islam, and how an economy would function without interest rates. They discuss how monetary systems that require the creation of ever more debt impact human time preference, capital accumulation and morality, and whether interest would emerge in a free market monetary system like bitcoin?
Tarek’s book The Problem with InterestKreatoc Zest’s website.Saifedean’s podcast episodes on Islamic finance with Safdar Alam and Harris Irfan. Article on William Cobbett’s opposition to suspension of the gold standard during the Napoleonic Wars.Selected Writings on Economics by Nassau Senior.See Plato’s Laws, Book 5 and Aristotle’s Politics, Book I, 10, no. 5 for Ancient Greek views on usury.A History of Interest Rates by Sidney Homer and Richard Sylla.Allen Farrington’s book Bitcoin is Venice on Amazon.Saifedean’s podcast episode Allen Farrington’s adventures with Fiat Intellectuals.Saifedean’s podcast episode Bitcoin Strategy with Michael Saylor.Saifedean’s first book, The Bitcoin StandardSaifedean’s second book, The Fiat StandardEnjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses – including his new course ECO22: The Fiat Standard – and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
116. Bitcoin from First Principles, Saifedean interviewed by Lex Fridman
In perhaps his most comprehensive interview to date, Saifedean talks to Lex Fridman about the history of money, the foundations of economics, and why bitcoin represents a pathway to a more peaceful and prosperous world. Starting from Lex’s question “What is money?”, Saifedean draws on insights from his most recent book, The Fiat Standard, to take the listener on a four-hour historical journey. He explains how money emerged as a market good; why the gold standard developed in Britain and spread across the world; and the intriguing historical circumstances that led to government-controlled fiat money becoming the global medium of exchange. By asking fundamental questions about money, the purpose of economics, and the technical foundations of bitcoin, Lex prompts Saifedean to present a first-principles case for free exchange, non-aggression and bitcoin. Their conversation also includes Saifedean’s reflections on his upbringing in Palestine, how to make the most of our short time on earth, and advice to younger generations.
Lex Fridman on Twitter.Lex Fridman’s podcast website.Carl Menger’s Principles of Economics: the founding text of the Austrian School, published in 1871.Human Action by Ludwig von Mises, published in English in 1949.Critical overview of John Maynard Keynes’ The General Theory of Employment, Interest, and Money in the Journal of Libertarian Studies.Saifedean Twitter thread on scientists who dismissed flight as impossible at the time the Wright brothers were inventing the airplane. Includes comments by Lord Kelvin and the New York Times.Graphic showing technological progress in Britain during the gold standard. For further discussion, see The Bitcoin Standard section: Innovations: “Zero to One” versus “One to Many”, and episode 74 of The Bitcoin Standard Podcast: The Real Drivers of Technological Progress.Saifedean paper on the decline of the aviation industry since the 1970s. For further discussion see chapter 10 of The Fiat Standard on Fiat Fuels.The Bitcoin Standard Podcast episode 108: A New World Monetary Order The ramifications of the Russian invasion of Ukraine.Bitcoin Net Zero paper by Nic Carter and Ross Stevens. See page 38 for comparison of bitcoin network energy consumption compared with tumble driers and other common household appliances.Saifedean’s first book, The Bitcoin Standard.Saifedean’s second book, The Fiat Standard.
115. The Pitfalls of the Fiat Standard: Marty Bent interviews Saifedean Ammous
Fiat money doesn't just affect economic exchange, its impact on society is much wider. In this episode, Marty Bent, host of the Tales from the Crypt Podcast, interviews Saifedean about the ways fiat money encourages negative societal impacts ranging from climate alarmism to soil degradation to poor diets. They focus on the widely accepted need to transition to from fossil fuels to “renewable” energy and how government funding of science encourages the publication of studies that predict catastrophes and propose state intervention to avoid them. They also discuss how government statistics are manipulated to underplay the negative impacts of fiat and how people can opt out by adopting a bitcoin standard.
Marty Bent’s website.Marty Bent on Twitter.The Moral Case for Fossil Fuels by Alex Epstein.The Bitcoin Standard Podcast episodes with Alex Epstein here and here.The Bitcoin Standard Podcast episode Is CO2 the Climate Control Knob? with Tom Nelson.The St Louis Fed compares the cost and protein content of turkey and soy.Marty Bent podcast episode with Untapped Growth for discussion of regenerative farming. Link to Saifedean podcast with Nina Teicholz for discussion of fiat nutrition.Bitcoin mining council estimates of the bitcoin network’s global energy usage.Saifedean’s first book, The Bitcoin Standard.Saifedean’s second book, The Fiat Standard. See chapter “The Cost of Fiat Fuels” for statistics on growth in per capita energy consumption falling from the 1970s.Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
114. Why Bitcoin Changes Accounting with Darin Feinstein
Most people think of bitcoin primarily as a form of money or store of value, but in this episode Darrin Feinstein argues that it also represents history’s most important accounting innovation. He explains why, as the world’s first incorruptible ledger, bitcoin allows us to remove fraud from the realm of accounting, and bring about a shift from “double-entry” to “triple-entry” bookkeeping. Darin and Saifedean discuss how the global accounting industry might differ in a world where bitcoin is used as the primary from of money, and why the transparency of bitcoin’s ledger makes it a poor tool for criminals. As Chairman of Core Scientific, one of the world’s largest bitcoin mining companies, Darin also discusses some popular misconceptions regarding bitcoin’s energy usage and environmental impact.
Darin on TwitterDarin thread on bitcoin as an accounting innovationCore Scientific official websiteWorld Economic Forum article “In 2020 Bitcoin will consume more power than the world does today” and Newsweek article “Bitcoin Mining on Track to Consume All of the World’s Energy by 2020”, both published in 2017Bitcoin Net Zero paper by Nic Carter and Ross Stevens. See page 38 for comparison of bitcoin network versus tumble driersDarin recommended account Burn the Bridge on TwitterSaifedean’s first book, The Bitcoin StandardSaifedean’s second book, The Fiat Standard
“Hello! My name is Saifedean Ammous. Fiat killed my father. Prepare to die.”
Who hurt you?
I bet it was a keynesian.
Nice Guys Finish Last
While its true that Mr. Saifedean Ammous persona comes across as a bit of a curmudgeon but who cares? The Bitcoin Standard success is testament that there is widespread fear of loss of purchasing power in all Fiat currencies that the book and the podcast explains why these concerns are justified. My concern regarding the Bitcoin Standard is the corruption of its stock-to-flow model by the new Bitcoin ETF that can manipulate supply of “paper bitcoin” similar to ETF in Gold and Silver suppressing prices for years. Let’s hope not!