- Joined
- Sep 23, 2020
- Messages
- 8,538
- Reaction score
- 10,534
"Has monetary policy ever done anything good? I don't think it has. It has only done harm. That's why I'm pleading for denationalization of money."
At time 5:20..... Hayek advocates for something like Bitcoin and crypto. He called it "the solid". The man interviewing Hayek (Blanchard) calls it "The Hayek".
At 10:10....."People are becoming more aware that the present monetary system is not really satisfactory." In regard to the third world debt crisis
At 11:00..... Hayek doesn't believe in returning to a gold standard but does advocate for a transition period as we return to a "stable" currency. They agree this is fundamental to the survival of Western Civilization.
At 19:25..... "I don't believe we shall ever have good money again." He suggested introducing a new form of money that governments can't stop (Bitcoin? or some other form of money)
At 19:40.... Buchanan, What do you think is the major threat to Western Civilization? He offered ideas like another world war, political or economic issue. Hayek thought the major threat was pacifism. He thought Russia could become powerful. The west would then have to bend their ideas or ways to satisfy Russia.
At 21:50...."I am greatly alarmed at European pacifist movements"
At 23:00.... On Keynes, "He had the illusion that a little inflation is good......He was not a very competent economist at all. He was a great man but I don't think he was a great economist."
The conclusion starting at 25:00 is worth listening to. He (Buchanan) is very early but describes the world we live in today in my opinion.
At time 5:20..... Hayek advocates for something like Bitcoin and crypto. He called it "the solid". The man interviewing Hayek (Blanchard) calls it "The Hayek".
At 10:10....."People are becoming more aware that the present monetary system is not really satisfactory." In regard to the third world debt crisis
At 11:00..... Hayek doesn't believe in returning to a gold standard but does advocate for a transition period as we return to a "stable" currency. They agree this is fundamental to the survival of Western Civilization.
At 19:25..... "I don't believe we shall ever have good money again." He suggested introducing a new form of money that governments can't stop (Bitcoin? or some other form of money)
At 19:40.... Buchanan, What do you think is the major threat to Western Civilization? He offered ideas like another world war, political or economic issue. Hayek thought the major threat was pacifism. He thought Russia could become powerful. The west would then have to bend their ideas or ways to satisfy Russia.
At 21:50...."I am greatly alarmed at European pacifist movements"
At 23:00.... On Keynes, "He had the illusion that a little inflation is good......He was not a very competent economist at all. He was a great man but I don't think he was a great economist."
The conclusion starting at 25:00 is worth listening to. He (Buchanan) is very early but describes the world we live in today in my opinion.