The "What is Money?" Show

Can Bitcoin Rebuild Civilization? w/ Saifedean Ammous (WiM592)

48 snips
Jun 9, 2025
Saifedean Ammous, an economist and author known for his expertise in Bitcoin and Austrian economics, dives into compelling topics like the moral implications of money printing and the potential of Bitcoin to rebuild civilization. He discusses how lower time preference drives long-term thinking and societal cooperation. The conversation also critiques Keynesian economics while advocating for the principles of Austrian economics. Ammous emphasizes the transformative power of Bitcoin as a stable monetary alternative in today's volatile economic landscape.
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ANECDOTE

Parenting Lowers Time Preference

  • Children have an infinitely high time preference and always prefer immediate gratification.
  • Having children lowers your time preference by forcing you to think beyond yourself.
INSIGHT

Civilization Equals Low Time Preference

  • Civilization is the decline of time preference and requires cooperation and capital accumulation.
  • Lowering time preference enables capital production and social trust necessary for civilization.
INSIGHT

Property Rights Drive Civilization

  • The integrity of private property is foundational to moral and civilizational progress.
  • Undermining property rights leads to the collapse of cooperation and civilization.
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