Rowais Hanna operates Coinbits' Twitter account, and has used it to publish fascinating in-depth investigations into the common myths of modern macroeconomics. He joins us to discuss the Consumer Price Index, how it is calculated, and the endless justifications used to adjust it. We also discuss the mythical origins of the 2% inflation target, and the trade-off between unemployment and inflation, and why supposedly empirical economists refuse to ever admit it is invalid. Rowais also discusses why he views bitcoin as the only way out of this mess, and how Coinbits helps onboard newcomers to bitcoin in a smooth and easy-to-understand way. We conclude with a discussion of Rowais' thoughts on bitcoin through a Biblical lens.

References (All links available on saifedean.com/podcast/143-macro-myths-with-coinbits-rowais-hanna)

Rent Equivalence Fiat-splanation
CPI “misconception” response from BLS
NY Fed Research connecting credit expansion and tuition rising
Rowais’ essay on Bitcoin through a Biblical Lens
The Origins of 2 Percent Inflation Target – Mises .org
Rowais’ tweet about being at the Egyptian Central Bank
Sheikh Imam, The Ballad of Beans and Meat
Coinbits blog
The philips curve is actually a blob
Coinbits ultimate Thread
Saifedean’s first book, The Bitcoin Standard.
Saifedean’s second book, The Fiat Standard.

Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses – including his ongoing course ECO22: The Fiat Standard – and read chapters of his forthcoming book, Principles of Economics, by becoming a Saifedean.com member. Find out more here.

“A real smack in the face”: Did the RBA get it wrong?

7am

Why Greg says the RBA reasoning was poor

The AI-powered Podcast Player