65. Fiat Farming with Joel from Untapped Growth
06/23/21 • 80 min
In this week’s podcast Saifedean is joined by Joel, a bitcoiner from Virginia-based regenerative farming business Untapped Growth. Joel explains the damage done to soil by modern agriculture, and how it has its roots in rising time preference and increased short-termism fostered by inflationary monetary policy and government interventions in the food and land markets. Joel explains why low time preference regenerative cattle grazing can fix soil, and how many farmers in America are switching to this model.
Related links:
Dirt: The Erosion of Civilizations by David R. Montgomery
Website of The Savory Institute
Buy The Fiat Standard via Saifedean.com
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
THE BITCOIN STANDARD TOOLKIT/SPONSORS
Cyphersafe - https://cyphersafe.io/
In this week’s podcast Saifedean is joined by Joel, a bitcoiner from Virginia-based regenerative farming business Untapped Growth. Joel explains the damage done to soil by modern agriculture, and how it has its roots in rising time preference and increased short-termism fostered by inflationary monetary policy and government interventions in the food and land markets. Joel explains why low time preference regenerative cattle grazing can fix soil, and how many farmers in America are switching to this model.
Related links:
Dirt: The Erosion of Civilizations by David R. Montgomery
Website of The Savory Institute
Buy The Fiat Standard via Saifedean.com
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
THE BITCOIN STANDARD TOOLKIT/SPONSORS
Cyphersafe - https://cyphersafe.io/
Previous Episode
64. Fiat economic models
This seminar discusses the problems of economic modeling, using examples from environmental, energy, and macro economics. Saifedean explains how his graduate school experience trying to model energy markets led him to appreciate Mises' calculation problem and the problems of complex quantitative predictive models. What are the problems with attempting to quantify economic and environmental impacts of different fuels? Are the models being applied to bitcoin mining useful? As these absurd models bring fear-mongering to bitcoin mining, will they change bitcoin, or will their flimsy foundations be exposed by the kind of people who like to use a technology built on 100% verification and 0% trust?
Links referenced:
- The Skeptical Environmentalist by Bjorn Lomborg
- Bjorn Lomborg on Twitter: @BjornLomborg
- The Bitcoin Standard Podcast episode Allen Farringdon’s Adventures with Fiat Intellectuals
- Dynamic stochastic general equilibrium modelling on the short-term impact of a vote to leave the European Union by HM Treasury
- Article explaining forecast failures by the Spectator
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
THE BITCOIN STANDARD TOOLKIT/SPONSORS
Cyphersafe - https://cyphersafe.io/
Next Episode
66. The Bullish Case for Bitcoin with Vijay Boyapati
In this episode Saifedean is joined by Vijay Boyapati, author of one of the most widely known articles for bitcoin beginners: The Bullish Case for Bitcoin. In this wide-ranging discussion Saifedean and Vijay analyse bitcoin’s rise through their shared framework of the Austrian School of Economics. They discuss Vijay’s four frameworks for valuing bitcoin, how technology “hype cycles” can help us understand bitcoin’s price movements and why fiat economists like Paul Krugman are so keen to undermine bitcoin’s success.
Links referenced:
- The Bullish Case for Bitcoin
- Speculative Bitcoin Adoption/Price Theory blog post by Michael Casey
- The Use of Knowledge in Society by F.A. Hayek
- Bob Murphy’s critique of “Debt: The First 5000 Years”
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here.
THE BITCOIN STANDARD TOOLKIT/SPONSORS
Cyphersafe - https://cyphersafe.io/
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