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10min chapter
#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Money Matters: Hard vs. Soft
This chapter explores the critical distinctions between hard money, like gold and Bitcoin, and soft money, such as copper. The speaker emphasizes the intrinsic value of hard assets versus the subjective perception of fiat currencies, critiquing the idea that money is merely a social construct. Through engaging analogies, the discussion highlights how human belief impacts economic realities and the value of different currencies.
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