The Free Market Is Best in Managing That Balance

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If the market ends up centralizing all of it into one power plant, I don't see that as a problem. There are places, you know, there's a small town with only one barbershop. Is that a catastrophe? No, because they don't need two barbershops. And if that barbershop started to take advantage of people, started to charge higher price, well, then that's just an opportunity for others to step in and put them in their place. It's the same thing with everything. The key thing is this. From the central planning perspective, they'll tell you, well, this is bad. So let's stop what's bad and do

Saifedean Ammous is an Austrian economist and author of The Bitcoin Standard and The Fiat Standard. Please support this podcast by checking out our sponsors:
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OUTLINE:
Here’s the timestamps for the episode. On some podcast players you should be able to click the timestamp to jump to that time.
(00:00) – Introduction
(07:53) – Money
(20:58) – Gold standard
(34:09) – Collective hallucination
(39:59) – Austrian vs Keynesian economics
(1:12:20) – Free market
(1:28:49) – Monarchy
(1:34:23) – Fiat money
(2:21:13) – SWIFT system
(2:34:03) – Bitcoin
(2:40:20) – Satoshi Nakamoto
(2:48:04) – Criticisms of Bitcoin
(3:03:16) – Football/soccer
(3:06:58) – Criticisms of Bitcoin continued
(3:17:17) – Bitcoin Maximalism
(3:29:40) – Proof of stake
(3:46:46) – Central bank digital currency
(3:57:59) – Michael Malice
(4:00:12) – Advice for young people
(4:06:21) – Palestine
(4:18:00) – Mortality