Episode Details
Back to Episodes
1643: Understanding “Time Preference,” Saifedean Ammous, Part 2
Description
From the Fontainebleu Hotel in Miami, Florida, Jason Hartman continues the conversation on art, money, value, fiat currency, and economics. “I will not make any more boring art,” he reads. How does art, or the value of art tie in with real estate? What separates candy in the corner from the Sistine Chapel?
Saifadean Ammous returns in this part two discussion about the government’s role or ability to have a role in cryptocurrency, specifically Bitcoin. As well, what is time preference, and how does it differ from inflation?
Key Takeaways:
[2:45] “I will not make any more boring art.”
[3:45] Why should we align ourselves with governments and central banks?
[4:30] In the free market, the public is in charge of deciding the winners and losers.
[6:00] Excerpt from The Bitcoin Standard
[15:00] Maslow’s Hierarchy of Needs
Saifadean Ammous, author of The Bitcoin Standard
[17:00] Have you been bitten by the Bitcoin bug?
[17:25] Could the government make Bitcoin illegal?
[29:45] Is there a distinction between time preference and the time value of money, aka inflation?
[31:45] Saifedean’s wife sells the chair he’s sitting on out from underneath him.
[32:10] Art on the gold standard, will it stand the test of time?
[41:20] “A lot of people prefer to laugh than to think.” -Saifedean on Hedonism
Websites:
1-800-HARTMAN