The Ethical Implications of Socialized Losses

Allen Farrington is a writer and investor. He co-wrote Bitcoin Is Venice and he’s a co-founder of Axiom, a Bitcoin-focused venture firm.

In this episode, we discuss the distortions caused by fiat money, the consequences of misallocated capital, and the philosophical underpinnings of a Bitcoin standard. We get into how these issues impact both individuals and economies, dissect the flaws of modern capitalism, and discuss how Bitcoin offers a path toward financial sovereignty and a more equitable economic future, as Allen provides a compelling case for why the current system is unsustainable and what can be done to change it.