The Bitcoin Standard Podcast

Fourteenth lecture of Principles of Economics explores credit and banking as the institutions that channel savings into investment, how commodity credit emerges from real savings, while circulation credit comes from money creation, why interest rates reflect time preference, and whether interest can be eliminated with hard money.
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Saifedean makes the case for bitcoin as apolar money, the only workable alternative to a government global reserve currency and a unipolar world order, and how geopolitical developments underscore this role.

Thirteenth lecture of Principles of Economics explores time preference as the rate at which individuals discount the future, how property rights and hard money reduce uncertainty and lower time preference, enabling saving and investment, and why the progressive lowering of time preference is the driving force behind capital accumulation and the process of civilization.
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Twelfth lecture of Principles of Economics explores capitalism as the system of private ownership of capital goods, how free capital markets allocate resources to their most productive uses through profit and loss, why economic calculation requires private property, and why socialism fails without it.
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Eleventh lecture of Principles of Economics explains how individual preferences coordinate production and consumption decisions through economic calculation based on property rights, and why consumer sovereignty drives entrepreneurial decisions in the market order.

Get all course notes and slides on saifedean.com/poecourse