S15 E56: Prof. Richard Werner on Bitcoin, CBDCs & Banking
Update: 2024-09-26
Description
Prof. Richard Werner is best known for proposing quantitative easing while working at the Bank of Japan in the 1990s, and then predicting the 2008 financial crisis. Today, he is a fan of Bitcoin and small community banks.
–––––––––––––––––––––––––––––––––––––––––––––
Time stamps:
Introducing Prof. Richard Werner (00:00:51 )
Richard Werner's View on Bitcoin (00:02:01 )
Problems with Central Banks (00:02:45 )
Empirical Studies on Money Creation (00:03:01 )
Decentralization and Local Banking (00:04:16 )
Concerns About CBDCs (00:05:23 )
Ideological Conflicts (00:06:38 )
Importance of Empirical Data (00:07:30 )
Critique of Theoretical Economics (00:09:51 )
Scientific Method in Economics (00:11:07 )
Concerns About CBDCs and Privacy (00:13:50 )
Opposition to CBDCs (00:14:35 )
Privacy Claims of CBDCs (00:16:10 )
Misunderstanding of CBDCs (00:17:16 )
Arguments Against CBDCs (00:18:29 )
Transparency in Central Banking (00:19:42 )
RFK's Blockchain Proposal (00:20:31 )
Personal Experience with Cash Transactions (00:21:43 )
Cash Transactions and Personal Choice (00:21:56 )
The Human Right to Cash (00:22:53 )
The Importance of Demand for Cash (00:24:06 )
Accountability of Central Banks (00:25:08 )
Support for Local Banks (00:26:18 )
Recent Banking Crises (00:28:40 )
Analysis of Silicon Valley Bank's Collapse (00:29:49 )
Federal Reserve's Role in Banking (00:40:46 )
The Federal Reserve's Inaction (00:43:11 )
Impact on Farmers in the 1930s (00:44:21 )
Centralization of Agriculture (00:45:34 )
Critique of Central Planning (00:46:53 )
Solutions for Small Local Banks (00:47:09 )
Lessons from German Community Banks (00:48:50 )
–––––––––––––––––––––––––––––––––––––––––––––
Time stamps:
Introducing Prof. Richard Werner (00:00:51 )
Richard Werner's View on Bitcoin (00:02:01 )
Problems with Central Banks (00:02:45 )
Empirical Studies on Money Creation (00:03:01 )
Decentralization and Local Banking (00:04:16 )
Concerns About CBDCs (00:05:23 )
Ideological Conflicts (00:06:38 )
Importance of Empirical Data (00:07:30 )
Critique of Theoretical Economics (00:09:51 )
Scientific Method in Economics (00:11:07 )
Concerns About CBDCs and Privacy (00:13:50 )
Opposition to CBDCs (00:14:35 )
Privacy Claims of CBDCs (00:16:10 )
Misunderstanding of CBDCs (00:17:16 )
Arguments Against CBDCs (00:18:29 )
Transparency in Central Banking (00:19:42 )
RFK's Blockchain Proposal (00:20:31 )
Personal Experience with Cash Transactions (00:21:43 )
Cash Transactions and Personal Choice (00:21:56 )
The Human Right to Cash (00:22:53 )
The Importance of Demand for Cash (00:24:06 )
Accountability of Central Banks (00:25:08 )
Support for Local Banks (00:26:18 )
Recent Banking Crises (00:28:40 )
Analysis of Silicon Valley Bank's Collapse (00:29:49 )
Federal Reserve's Role in Banking (00:40:46 )
The Federal Reserve's Inaction (00:43:11 )
Impact on Farmers in the 1930s (00:44:21 )
Centralization of Agriculture (00:45:34 )
Critique of Central Planning (00:46:53 )
Solutions for Small Local Banks (00:47:09 )
Lessons from German Community Banks (00:48:50 )
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