140 - The Future is Fiat | Noah Smith (Noahpinion)

✨ DEBRIEF | Unpacking the Episode:
https://shows.banklesshq.com/p/debrief-noah

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Noah Smith is a writer economist, with fiercely independent takes that he articulates with precision and clarity. We see him as a knowledgable crypto outsider, which is a rare trait we've seen throughout the posts on his blog, Noahpinion.

In today's episode, we cover geopolitics in broad strokes—Noah thinks we're already at war in the form of an economic showdown between the New Allies and New Axis.

We also turn to crypto, where Noah gives his bull case while also addressing some misconceptions he sees in the crypto community.

The sum of all of this is an episode title we thought we'd never see on Bankless—The Future is Fiat.

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Topics Covered:

0:00 Intro
6:00 Noah Smith Respects Nerds
11:00 The War Economy
19:20 The New Axis
23:30 Battle of the Titans
30:50 Different Capabilities
35:02 Why Does This Matter?
39:00 Taiwan
45:20 Sanctioning China
50:35 The Path to War
57:15 High Level Crypto
1:02:20 Crypto In Conflict
1:09:45 Weakening Nation States
1:15:40 Crypto Misconceptions
1:26:10 A New Economy
1:32:10 Ponzis
1:40:48 The Fate of the Dollar
1:45:25 Bullish Rabbits

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Resources:

Noah Smith
https://twitter.com/Noahpinion?s=20&t=kKYOtZ37UkLtwZ4WGmDT6Q

Noahpinion
https://noahpinion.substack.com/

Freedom's Forge
https://www.amazon.com/Freedoms-Forge-American-Business-Produced/dp/0812982045

NOAH'S WRITING:
The War Economy
https://noahpinion.substack.com/p/the-war-economy-sizing-up-the-new
The Danger Zone
https://noahpinion.substack.com/p/book-review-danger-zone
Could We Sanction China?
https://noahpinion.substack.com/p/could-we-sanction-china-if-we-had
Blockchains, Dollarization, and Capital
https://noahpinion.substack.com/p/blockchains-dollarization-and-capital
Room for One More Bubble
https://noahpinion.substack.com/p/i-think-bitcoin-has-room-for-one
Economic Misconceptions of the Crypto World
https://noahpinion.substack.com/p/economic-misconceptions-of-the-crypto
Amway Culture
https://noahpinion.substack.com/p/is-web3-culture-similar-to-amway
Central Bank Digital Currencies
https://noahpinion.substack.com/p/central-bank-digital-currencies-are
NFTs Will Probably Be Back
https://noahpinion.substack.com/p/nfts-will-probably-be-back
Beating Inflation
https://noahpinion.substack.com/p/how-much-will-beating-inflation-hurt
No, America is Not Collapsing
https://noahpinion.substack.com/p/no-america-is-not-collapsing
Techno-Optimism
https://noahpinion.substack.com/p/techno-optimism-for-2022
Lovecraftian Intelligence
https://noahpinion.substack.com/p/lovecraftian-intelligence?sd=pf
Sci-Fi Futures We Didn't Get
https://noahpinion.substack.com/p/the-sci-fi-futures-we-didnt-get
New Industrialism
https://noahpinion.substack.com/p/a-new-industrialist-roundup
Liberalism is Resilient
https://noahpinion.substack.com/p/liberalism-is-resilient

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Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://www.bankless.com/disclosures