222. Central Banking Works

Saifedean's talk at the Canadian Bitcoin Conference is an admission that central banking works. Given what we know about the economic calculation from Austrian school economists, central banking is a highly successful business!
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Saifedean’s first book, The Bitcoin Standard:
saifedean.com/thebitcoinstandard
Saifedean’s second book, The Fiat Standard:
saifedean.com/thefiatstandard
Saifedean’s third book, Principles of Economics:
saifedean.com/poe
Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s four online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on Saifedean.com!

[@iand3028]

I thought for a moment that Saifedean had been paid a visit from the boys! Glad I stuck with it 🏦...

[@tomaspecl1082]

TLDR: central banking works well for central bankers :D

[@wasdwasdedsf]

cause its not like 95% of every country ever existed have destroyed themeslves or anything ? it would have worked even better for even themselves if they didnt destroy the country

[@MultiHinrik]

It's funny how property rights and opportunity costs are usually inseperable yet there is one exception which are central banks. Economic calculation is impossible without opportunity costs.

[@DeoVolente444]

Keep pumping content Saif, people need to be informed

[@vicinityfpv1932]

Great presentation. However, PLEASE consider using dark mode for slides. White text on a grey background is so much easier on the eyes. Black text on a white background makes sense for books. But with backlit displays, it damages vision.

[@markpalmer8083]

Wear some sunglasses, if your eyes are so sensitive. It's a matter of personal preference.

[@marleyhaki3566]

Wonderful free Education

[@nicholasscholten4838]

That book us one tough read. I think I made it through about 80 pages.

[@stephenburns433]

thank you

[@StudyBitcoinwtfhappenedin1971]

Valuable for the world, thanks man

[@aslkdjfzxcv9779]

always goid to keep people on their mental-toes.

[@christinewillis7545]

This is the first time I've listened to you Saifedean. I must be really dumb. I knew that Federal Reserve Bank was privately owned. You say that ALL Central banks are privately owned. Can you direct me to where this can be verified please.

[@formetoknow540]

The world trade and international trade is in usd backed by war

[@eanerickson8915]

Central banks are ok. quantitative easing and too big to fail is wrong.

[@tomaszsurdej8294]

35:52 - What good is real estate, if you don't make money off it. Are you a farmer, that you know how to make natural welfare? Because Bitcoin is the cyber welfare benefit.

[@tomaszsurdej8294]

MISES-ROTHBARD LESSON - LWÓW-WARSAW SCHOOL OF MATHEMATICS AND ECONOMY (Lange and Kalecki are the heretical cousins of our intellectual tradtion) I was hungry today morning. I wanted meat, spefically beef. I remembered today is a fasting day for Catholics as it is the Wednesday after Pentecost. I asked for tofu pad thai ready to pay 26 zł for a plate. They said they don't sell pad thai until 12.00. I looked at my wallet and said at the buffet - give everything you have for 12 zł, then 10 zł. Then I took the plate, sat down, ate a bite, and after one bite, I said I had eaten too much. I needed 1 zł of meat, yet at 10 am I thought I needed a 400 g plate of pad thai. See how religion affects the economy?

[@LoloLovesLife]

I'm 5 minutes in and I'm very confused.

[@reallyshel]

How about now

[@dameanvil]

Once more the intellectually lazy Mises Institute academics are put to shame.

[@farisalthibani1270]

No it doesn't Saif.

[@adammontgomery7980]

He's saying it works...for the people who own it.

[@TheBrianna4555]

Guy who didn’t watch the video has an opinion based on the title. Don’t vote and don’t have kids. You’re deeply unimpressive.

[@adammontgomery7980]

To the last guy; buy the real estate. It's tangible, stable, will provide cash flow, and will never go to zero.

[@tomaszsurdej8294]

I think Bitcoin is lichwa/leehva. In one of two liturgical languages of my region - Lesser Poland - we call usury lichwa. All the Slavs call it lichwa. I can't believe that it is anything besides the rehypothecated credit contracts behind the American credit card business. adwokat Tomasz Surdej - bar of Kielce, Poland.

[@tomaszsurdej8294]

God in His blessing has given Europe rain! Since we survived the three or four farmers, 13th-15th May, God has blest us with rain! Now convince why I should buy Bitcoin instead of cherries and plums in June - because I value cherry liquor over Bitcoin. Convince that the Benutzungwert of the cherries from the hands of the local Jews is/isn't greater than Bitcoin.. God, give me money to buy cherries and plums all three months of the harvest season! adwokat Tomasz Surdej - bar of Kielce, Poland