The Bitcoin Standard Podcast

300. The Gold Standard Launch Interview with Bob Dewey

21 snips
Nov 18, 2025
Saifedean Ammous, an economist and author renowned for his works on Bitcoin and monetary theory, dives deep into his latest book, The Gold Standard. He explores how a technologically evolving gold standard could compete with fiat currencies. Discussing historical events like World War I, he argues that central banking led to detrimental economic outcomes. Saifedean also connects hard money to lower time preference, envisioning a future where society benefits from greater savings and innovation. His thoughts on governance and the pitfalls of fiat provide intriguing insights into the evolution of money.
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INSIGHT

No Bailouts, Honest Banking

  • In Saifedean's counterfactual, collapsed central banks are replaced by private banks fully backed by gold.
  • Without bailouts, banks must transparently prove gold backing or face quick liquidation.
INSIGHT

Supply Growth Drives Money Quality

  • Moving from gold to fiat raised global money supply growth dramatically, degrading money's ability to hold value.
  • Saifedean links that monetary degradation to widespread political and economic distortions.
INSIGHT

Hard Money Lowers Time Preference

  • Saifedean connects money hardness to individual time preference as a control knob.
  • Hard money lowers time preference, encouraging saving, capital accumulation, and long-term projects.
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