THELOGICALINDIAN - Welcome aback adolescent apprentice Lets dive aback into Saifedean Ammous The Bitcoin Standard to ascertain the secrets of bread-and-butter approach In todays assignment able-bodied abstraction the two capital governmentapproved boilerplate schools of bread-and-butter anticipation Keynesians and Monetarists Then able-bodied adverse them with the Austrian approach of money Get the facts of the amount in a acceptable bulletpointed tip format
Also in this chapter, Saifedean Ammous assuredly talks about Bitcoin. We’re seven capacity in and, abrogation out prologue and introduction, this is the aboriginal time the columnist mentions the book’s accountable directly. Bitcoin is consistently present, though, absolute in the narrative.
In any case, let’s get into it… but first…
About The Coolest Book Club On Earth
The Bitcoinist Book Club has two altered use cases:
1.- For the superstar-executive-investor on the run, we’ll abridge the must-read books for cryptocurrency enthusiasts. One by one. Affiliate by chapter. We apprehend them so you don’t accept to, and accord you aloof the compact bits.
2.- For the attentive abecedarian who’s actuality for the research, we’ll accommodate liner addendum to accompany your reading. After our book club finishes with the book, you can consistently appear aback to brace the concepts and acquisition acute quotes.
Everybody wins.
So far, we’ve covered:
And now, The Bitcoin Standard: “Chapter 7: Sound Money and Individual Freedom”
The axial apriorism of this allotment of the seventh affiliate is that after inflatable money, governments couldn’t sustain amaranthine wars. Because wars would end whenever one of the clashing governments runs out of money. In added words. “government budgets had to obey the approved rules of banking albatross which administer to every advantageous accustomed entity.” A little accountability will do the governments well.
The catechism is, should the government administer the money supply? The columnist answers:
And actuality it comes, Saifedean Ammous’ aboriginal acknowledgment of Bitcoin is one for the books:
Of course, that catastrophe was rendered anachronous by El Salvador’s accommodation to accept Bitcoin as acknowledged tender, but that’s beside the point. Among added things, Bitcoin exists as affidavit that the citizenry eventually chooses the bigger money.
The Bitcoin Standard On The Schools Of Economic Thought:
It’s time to abstraction the Keynesians and the Monetarists. As Saifedean Ammous puts it:
Keynesians’ Main Ideas
Monetarists’ Main Ideas
The Austrian’s School Main Ideas
That’s it for today’s “The Bitcoin Standard” lesson. Tune in abutting time for more.
