The Stock to Flow Ratio Is 1.5 to 2 Percent

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The stock to flow ratio, or supply growth rate, is around 60 percent. That would be like the inverse of the stock to flow. So that's a brilliant description and that kind of pushes towards gold where the stock to Flow ratio is 1.5 to 2 percent. But what about paper money? That's not, you can't smoke it, you can’t eat it. In that sense, what role does collective hallucination play in the effectiveness of money? Exactly zero. They've always taken fiat money, paper money, all of these things were always born out of fraud.

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