BTC Sessions

NYU PhD Economist Exposes Hidden Forces Now Accelerating Fiat's End

Nov 23, 2025
Guest
Bob Murphy
Dr. Bob Murphy, a PhD economist from NYU and a senior fellow at the Mises Institute, dives deep into the unsustainable nature of fiat currencies. He argues that AI is silently erasing entry-level jobs and that deflationary technology challenges debt-based money. The discussion touches on how Bitcoin demonstrates that money doesn't need state control and explores the inevitability of Universal Basic Income as automation progresses. With insights on robotic advancements rivaling nation-states, this conversation unveils significant economic truths.
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INSIGHT

Bitcoin Proves Money Can Be Private

  • Bitcoin demonstrates you don't need the state to issue money and offers a viable alternative to fiat.
  • Its existence undermines the claim that money must originate from government control.
INSIGHT

MMT's Accounting Masks Real Wealth

  • MMT relies on accounting identities that can mislead about real wealth creation.
  • Bob Murphy explains government IOUs don't make the private sector materially richer like foreign production would.
INSIGHT

Central Banking Fueled Asset Bubbles

  • Monetary policy often serves political and asset-price goals, not neutral economic science.
  • Larry argues the Fed engineered asset-price increases to avoid social unrest and reward elites.
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