What Bitcoin Did

Danny Knowles

What Bitcoin Did unpacks Bitcoin’s role in reshaping money, freedom, and the future of finance.

  1. The Biggest Lie in Economics | Allen Farrington & Sacha Meyers

    1D AGO

    The Biggest Lie in Economics | Allen Farrington & Sacha Meyers

    “If your system can’t survive without inflation, the problem isn’t deflation.” Allen Farrington and Sacha Meyers return to the show to break down one of the most misunderstood ideas in economics: deflation. Allen & Sacha are the authors of Bitcoin is Venice, in this episode they get into their latest essay, Number Go Down, where they challenge the core assumptions behind modern macroeconomics. They argue that the idea inflation is necessary for a healthy economy is not grounded in reality, but in flawed models, bad incentives, and a fundamental misunderstanding of how growth actually happens. We get into why the 2% inflation target is arbitrary, how Keynesian economics confuses credit collapse with true deflation, and why falling prices driven by innovation might actually be the most important signal of a functioning economy. We also explore the paradox of thrift, malinvestment, and why distorted price signals lead to systemic fragility. Allen and Sacha explain why saving is the foundation of real growth, how deflation can drive investment rather than kill it, and why trying to “manage” the economy through measurement and intervention is fundamentally misguided. We also get into debt, why inflation acts as a hidden bailout mechanism, and what a world built on sound money might actually look like. THANKS TO OUR SPONSORS: ANCHORWATCH BLOCKWARE LEDN BITKEY SWAN CLUB ORANGE CAPE FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Allen Farrington: https://x.com/allenf32 Sacha Meyers: https://x.com/sacha_meyers

    58 min
4.7
out of 5
271 Ratings

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What Bitcoin Did unpacks Bitcoin’s role in reshaping money, freedom, and the future of finance.

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