TGFB Episode 59 - Moral Money: The Case For Bitcoin w/ Eric Sammons

Eric Sammons addresses the resistance he found in the Catholic world to Bitcoin, which he believes stems from misunderstandings. He argues that Bitcoin is the most moral money ever created and aims to present a bold case for it. The book tackles objections and misconceptions, aiming to promote Bitcoin's value to the Christian world, and beyond.

This book explores the ethics and economics of money production from ancient times to the present. Hülsmann argues that the government monopoly on money production has no ethical or economic justification and advocates for private money production. He disputes centuries of assumptions about money management by governments and central banks, suggesting that money should be treated as a privately produced good like other commodities. The book also examines historical and theoretical perspectives, including the works of 14th-century Bishop Nicole Oresme, to make a strong case for the privatization of money production and the separation of money from state control.

The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. The book takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems to modern government debt. It explains the operation of Bitcoin as a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, allowing users to perform traditional monetary functions without relying on authorities or physical infrastructure. The book also explores common questions surrounding Bitcoin and its potential as a store of value and a network for final settlement of large payments, challenging government monopolies and offering a vision of money extricated from politics and borders.

In 'Home Economics,' Wendell Berry argues that the health of the planet is directly tied to the health of its households and communities. He critiques modern industrial and economic practices, advocating for a return to local, sustainable economies and a deeper connection between individuals and their communities. The essays discuss themes such as the importance of good workmanship, the dangers of consumerism and industrial farming, and the need for clarity and coherence in our lives and communications. Berry's work is characterized by his clear and insightful prose, offering thoughtful reflections on personal and national issues.