DiscoverBitcoin Takeover PodcastS15 E56: Prof. Richard Werner on Bitcoin, CBDCs & Banking
S15 E56: Prof. Richard Werner on Bitcoin, CBDCs & Banking

S15 E56: Prof. Richard Werner on Bitcoin, CBDCs & Banking

Update: 2024-09-26
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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.
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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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S15 E56: Prof. Richard Werner on Bitcoin, CBDCs & Banking

S15 E56: Prof. Richard Werner on Bitcoin, CBDCs & Banking

Vlad Costea