Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)

Avik Roy is the President for Research on Equal Opportunity and policy editor at Forbes. Avik joins for me a conversation covering his essay titled "Bitcoin & the U.S. Fiscal Reckoning."

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GUEST
Avik's Twitter: https://twitter.com/Avik
Avik's Essay: https://nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning
Avik's Website: https://freopp.org/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 “Bitcoin and the US Fiscal Reckoning”
00:06:07 What Drives Inflation? And What Drives Deflation?
00:11:05 “Inflation is Always and Everywhere a Monetary Phenomenon”
00:14:15 Are Bitcoiners Prepared for Disruption to Come?
00:16:15 The 1971 Bank Run and Nixon’s Options at the Time
00:25:21 Let The Free Market Figure it Out!
00:30:23 Nixon’s Short Term Success was a Mirage
00:34:26 Where are We Now, Post March 2020?
00:40:49 Bond Market Disruption
00:48:34 Can the Chinese Yuan Become the Global Reserve Currency?
00:57:02 NYDIG
00:58:10 Should the U.S Leverage Bitcoin while China is Leveraging Gold?
01:04:30 Governments Adapting to Permissionless Money
01:10:14 Bitcoin Bringing the U.S Back to its Core Principles
01:16:23 What the World Looks Like Post-Bitcoin?
01:24:04 Strategic Implications for the U.S
01:30:16 Bitcoiners Taking Risk to Ensure its Success
01:37:33 Getting Bitcoin in the Minds of Policy Makers
01:41:53 How Does this Play Out Over the Next 15-20 Years

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