1643: Understanding Time Preference, Saifedean Ammous, Part 2
From the Fontainebleu Hotel in Miami, Florida, Jason Hartman continues the conversation on art, money, value, fiat currency, and economics. \u201cI will not make any more boring art,\u201d he reads. How does art, or the value of art tie in with real estate? What separates candy in the corner from the Sistine Chapel?\xa0
Saifadean Ammous returns in this part two discussion about the government\u2019s role or ability to have a role in cryptocurrency, specifically Bitcoin. As well, what is\xa0time preference, and how does it differ from inflation?
Key Takeaways:
[2:45] \u201cI will not make any more boring art.\u201d
[3:45] Why should we align ourselves with governments and central banks?
[4:30] In the free market, the public is in charge of deciding the winners and losers.\xa0
[6:00] Excerpt from The Bitcoin Standard
[15:00] Maslow\u2019s Hierarchy of Needs
Saifadean Ammous, author of\xa0The Bitcoin Standard
[17:00] Have you been bitten by the Bitcoin bug?\xa0
[17:25] Could the government make Bitcoin illegal?
[29:45] Is there a distinction between time preference and the time value of money, aka inflation?\xa0
[31:45] Saifedean\u2019s wife sells the chair he\u2019s sitting on out from underneath him.\xa0
[32:10] Art on the gold standard, will it stand the test of time?
[41:20] \u201cA lot of people prefer to laugh than to think.\u201d -Saifedean on Hedonism
Websites:
1-800-HARTMAN