Episode Details
Back to Episodes
SLP6 - Fiat Money as 'fad diet', with Bitstein
Published 7 years, 10 months ago
Description
In this episode with Bitstein, we break down Paul Krugman's errors in his NYT "Transaction Costs and Tethers: Why I’m a Crypto Skeptic" column, as well as other topics:
Mischaracterisation of what money's purpose is
Krugman's 'nirvana fallacies' in money
Why fiat money is an aberration and more akin to a 'fad diet' than bitcoin or gold are
Why Everyone Is a Scammer and the Scammer heuristic
Bitcoin Maximalism - is it descriptive or prescriptive?
UNIX philosophy