The "What is Money?" Show

Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)

Episode Summary

Avik Roy is the President for Research on Equal Opportunity and policy editor at Forbes. Avik joins for me a conversation covering his essay titled "Bitcoin & the U.S. Fiscal Reckoning."

Episode Notes

Avik Roy is the President for Research on Equal Opportunity and policy editor at Forbes. Avik joins for me a conversation covering his essay titled "Bitcoin & the U.S. Fiscal Reckoning."

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Avik's Twitter: https://twitter.com/Avik
Avik's Essay: https://nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning
Avik's Website: https://freopp.org/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 “Bitcoin and the US Fiscal Reckoning”
00:06:07 What Drives Inflation? And What Drives Deflation?
00:11:05 “Inflation is Always and Everywhere a Monetary Phenomenon”
00:14:15 Are Bitcoiners Prepared for Disruption to Come?
00:16:15 The 1971 Bank Run and Nixon’s Options at the Time
00:25:21 Let The Free Market Figure it Out!
00:30:23 Nixon’s Short Term Success was a Mirage
00:34:26 Where are We Now, Post March 2020?
00:40:49 Bond Market Disruption
00:48:34 Can the Chinese Yuan Become the Global Reserve Currency?
00:57:02 NYDIG
00:58:10 Should the U.S Leverage Bitcoin while China is Leveraging Gold?
01:04:30 Governments Adapting to Permissionless Money
01:10:14 Bitcoin Bringing the U.S Back to its Core Principles
01:16:23 What the World Looks Like Post-Bitcoin?
01:24:04 Strategic Implications for the U.S
01:30:16 Bitcoiners Taking Risk to Ensure its Success
01:37:33 Getting Bitcoin in the Minds of Policy Makers
01:41:53 How Does this Play Out Over the Next 15-20 Years

SOCIAL
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22​

WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true

RECOMMENDED BUSINESSES
Worldclass Bitcoin Financial Services: https://nydig.com/
Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/
Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22
Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack