saifedean ammous net worth saifedean ammous net worth

As I took one course of economics in my undergraduate but then I decided for my graduate studies, I wanted to study economics more in-depth. It currently has 16,600 subscribers and is growing rapidly. Saifedean Ammous: Thank you. Saifedean Ammous: Thank you very much for having me, its a pleasure. How Much Saifedean Ammous Worth? At saifedean.com, customers have been able to: Saifedean told us he is just getting started, and there are more knowledge innovations in the pipeline. He innovates in channels and distribution. For me, the importance of Bitcoin, its the hardest money ever because its going to become harder than gold over the next few years and that its annual supply growth rate is going to drop below this annual supply growth rate of gold. Then hard money is the dollar or the Euro, which the local central bank cannot print. Saifedean Ammous is a bestselling author, professor and one of the most well-respected economists in the world. Only about a third of them were sold. Benji Block: Many are going to be familiar with your work but for listeners who may be new and need an introduction, could you tell us a little bit about yourself and your background? 4. It was critically acclaimed, gaining positive reviews from the likes of Michael Saylor and Russell Okung. You know, gold doesnt keep up with inflation. Well, the Feds open-market purchases are conjured out of thin air by decree (i.e. That money goes out of this money supply, so the way that the supply in Fiat works is that its created with debt creation and then its destroyed with debt when debt is wiped out, and that helps us understand why debt is so pervasive in the modern economy. Type above and press Enter to search. Dr. Ammous book, The Bitcoin Standard, contains an excellent treatment of all these topics in addition to one of the few enlightened and enlightening accounts of Bitcoin that I have come across. How can the government make you think that inflation isnt very high? Trump's Economy: Boom Times or Dangerous Bubble? You can also join the weekly discussion seminars where we discuss bitcoin, economics, and a variety of questions and topics. Ammous holds a Ph.D. in Sustainable Development from Columbia University. One answer could be a hypothetical argument from nowhere, that is that absent soft money, the US government would pay much more on its debt, which would make deficits costly, thus forcing the state to become smaller (and a smaller one wouldnt, somehow, distort schooling or science or architecture etc). He teaches economics and hosts a podcast through his website, saifedean.com. But of course, you have to remember that this is dangerous, because debt is dangerous. Because, if they did, there was a lot more pound notes than there was gold backing them. Saifedean Ammous ( @saifedean) is a Bitcoin economist and author of The Bitcoin Standard Check out his website Read the Podcast Notes from Stephan Livera Podcast, where Saifedean explains Bitcoin as a Savings Technology Host Daniel Prince ( @princey1976) Why Saifedean wrote The Bitcoin Standard "This book blew my mind; it is a work of genius. Read millions of eBooks and audiobooks on the web, iPad, iPhone and Android. The difference between it and gold is that Bitcoin can travel around the world much faster than gold and it doesnt need government or need permission. What happened was that The Bank of England, the British Government, issued bonds to finance its participation in World War I, and then these bonds were undersubscribed. He got a masters degree in Development Management and later received a Ph.D. in Sustainable Development at Columbia University in New York City. It is featured in his YouTube channel, which only started in 2021. It has all the nutrients that your body could eat. A fairly basic website (i.e., not requiring any technological expertise or gear that is not available to everyone) is the platform for the new level of knowledge entrepreneurship. Dr. Ammous holds a So, prices had practically doubled by the end of World War I, which was a massive problem for the British economy and that inflation, that price inflation, that happened was a big problem for Britain after the war because Britain wanted to go back on the gold standard, but they couldnt go back from the old exchange rate. But then, with The Fiat System, and I ran the numbers over the last 60 years, on average, the average Fiat currency has increased in supply at around 30% per year. Sponsor the work of leading economists and academics as they advance the study of the economic principles that underwrite human prosperity and progress via AIER.org. WebSaifedean Ammous Wife And Family. https://traffic.libsyn.com/secure/authorhour/Saifedean_Ammous_1.mp3, The Moral Case for Fossil Fuels: Alex Epstein, All the Presidents Taxes: Charles Renwick. The book was a pioneer in explaining bitcoins value proposition as the hardest money ever discovered, and the only working alternative to national central banks for international payments. Honestly you raise a valid point, I might consider taking free courses on it, Best is to Join Dr Saifedean Ammous online University @ saifedean.com , he is the author of book The Bitcoin Standard , best guy to teach about bitcoin , who taught this world same through his book. In 2017 and 2019, The Bank of England released some information that had been hiding in their basements for about a century. Its kind of weird to think about it and write about it this way because this is the economic system in which we live, so its kind of like asking a fish to describe water, but if you take the fish out of water or maybe thats a bad metaphor if you take the fish out of water, itll suffocate. What makes it tick and whats some of the history there? Thats what allows us to save for the future. I want to close with just this question. Save that money and buy more bitcoin. I teach economics on my own website, saifedean.com. In fact he believes Ethereum competes more with Amazon Web Services than Bitcoin. If youre an American doctor, your estimated net worth at age 25 is probably negative 250k. You can find Hunters writings on entrepreneurship at hunterhastings.com. Save my name, email, and website in this browser for the next time I comment. As it started to get bigger, I wrote a book about it and then the book took off and became pretty popular. Connect with Saifedean at saifedean.com and on Twitter at@saifedean. Its the homeowner who receives the new money and spends it, and its the banks profiting from the interest rate they charge the borrower. 156 835. This raises the following question: Wheres the government benefit that it can so freely dispose of, all those infinite credit lines and fiat money that fuel the worlds stupidity? Hes just released a new book, titled, The Fiat Standard and Saifedean, were so glad to have you here today. House of Cards: Has the US Economy Recovered? Furthermore, he was born in Palestine and grew up in the city of Ramallah. Bitcoin is the solution for this because its a form of money that is debt-free. Create an account to follow your favorite communities and start taking part in conversations. They would run out of gold if they were to offer redemption. Put in context, over a longer time frame (and not specific markets like TIPS), that looks less compelling: This is the federal governments expenditures (in millions) and the yearly increases in the Feds balance sheet (also in millions). A Critique of Saifedean Ammous The Bitcoin Standard. Then, once you start becoming more familiar with it, you start understanding why its not very popular because it kind of flows against the conclusions of the idea the entire idea that you need to have a monopoly central bank managing the currency, that you need to have a government institution, that is in charge of the money supply that is in charge of the banking system; that all of these things need to be regulated with a monopoly entity. We'd love for you Saifedean Ammouss Wikipedia page has not been featured on any Saifedean took degrees in economics and engineering, at bachelors, masters and Ph.D. levels. Ammous has shared various pictures of his wife on Instagram but has not mentioned her exact name. Even if all the Feds balance-sheet increase were at the disposal of the government which its not it wouldnt explain the many recipients that Saif believes are on the fiat-government payroll. The smartest people in markets, finance, economics, and business engage in deep-diving discussions about the global macro landscape, generating actionable takeaways that can help your decision-making process. If we wish to know more about his career and work, we can go through his site. WebBitcoin was created to be a store of value (yes, perceived value, just like fiat, gold, etc., yet as long as it has perceived value then it is worth having). The podcast also includes the most interesting interviews conducted with Saifedean on other shows. This episode was recorded on September 8th 2021.Saifedean Ammous is an expert on Bitcoin with a PhD from Columbia University. I wonder if there would be maybe one more youd want to highlight before wed start to wrap up here. Remember, Keynesian economics is just one big giant obsession with getting GDP up and exports is positive on Thats when I really thought, Theres a lot of red flags here, things dont really make a lot of sense the way that they are laid out, and I think the fascinating thing was to just watch how at Columbia and in the media and with my university professors, the only kind of perspective that you see is just rationalizing the decisions of the federal reserve, you know? The best compliment I can give this book is that I read it and I decided to buy $425m of bitcoin. Our goal at Economics For Business is to be a knowledge and tools provider for this entrepreneurial surge. The book is being peer reviewed while in writing here is how: The draft is posted online while its progressing, people can see it and provide feedback as it goes along, The benefit is changes and modifying structure dont require much editing compared to if it was done after completing the draft, The Internet obsoletes the traditional writing process of writing then sending drafts and getting feedback, If Saifedean was to pick one person to spread the message of bitcoin to their audience, it would be Lionel Messi (because of his popularity), But he encourages fans of Ronaldo and Messi to send them copies of his book, Daniel jokes: Maybe they will shill something of more worth than hair gel. Close. Under digital fiat regimes, we usually think of this revenue as the interest income on assets corresponding to the portion of the central banks liabilities that it doesnt have to pay interest on. Suggestions are welcome via an issue or PR on GitHub. " That is why it makes sense to get into debt. Saifedean Ammous prefers to live a private life and has not exposed his family details in the media. It is an ever-growing bubble of debt that just keeps growing and growing and growing and the currency continues to devalue and decline in value over time, thats just how the system works. He holds a PhD in Sustainable Development from Columbia University (2011). Hes a Bitcoin maximalist and advocate of the sound money theories of Ludwig von Mises and Austrian school economics. WebShout out to Matt Homewood for continuing to fight food waste - bins full of good food is absolutely insane. How do you see Bitcoin scaling into the future as you just look maybe in the next five to ten years and any fears around that, as far as like government stepping in or anything there? Saifedean Ammous is a knowledge entrepreneur. Dr. Saifedean Ammous is the author of The Bitcoin Standard: The Decentralized Alternative to Central Banking, the best-selling groundbreaking study of the economics of bitcoin. Easy money is the local currency, which the Central Bank is printing in ever-increasing quantities to pay off its bills and the governments bills. Thats just taking away from people the ability to plan for the future. So, he may have earned a good amount of money from his long-term professional career. Why waste money on something you can learn about openly on the internet? To the extent that this description is accurate, the parties to this money creation process have this in common: Their purchasing power isnt the governments to spend. People always have a positive time preference (aka: Value the present over the future) The question is by how much? he's trying to appeal to authority. Free shipping for many products! He isnt a fan of other altcoins like Ethereum or Ripple and advises people to avoid them. What is the Austrian School of Economics? He was an early investor in Bitcoin so its assumed he holds a big portion of his wealth in BTC. Ammous said that even though altcoins have emerged that may have possessed superior technology Further, everyone, according to Saif, is on the Federal Reserves payroll, or is somehow a beneficiary of its infinite credit line. Even the International Monetary Fund is not safe, which seems strange given that it runs its own unit-of-account currency (Special Drawing Rights).*. For the US, thats whatever the $2.2 trillion or so of dollars circulating is financing giving the Fed an interest-free financing of about a quarter of its soon-to-be $9 trillion asset portfolio. He creates new knowledge thats valued by his customers, because it helps them to think betterand better informs their actions. And where is the compelling evidence for it that validates Saifedeans harsh words? Benji Block: Wow. People had better things to do than spend their money on fighting pointless wars in Europe. You have to have government-approved banks and central banks and clearance mechanisms in order to allow gold to travel.