AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Is the Gold Standard a Good Investment?
The march towards fiat currency began with a global desire for war in the 20th century. Nothing gives you the ability to manipulate money quite like war, he says. The gold standard intrinsically must involve credit as becoming part of the monetary system and because it gets centralized, it can easily be captured by the government. In your book, you do cost benefit analysis. Can you do just that? Look at the benefit and look at the cost just broadly at the highest level.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode