#31 - Tarek El Diwany: The SAD Reality Of Our BROKEN Monetary System

I sat down with the wonderful Tarek El Diwany after the recent publication of the 4th Edition of his hugely influential book: The Problem With Interest. We revisited some familiar themes of his work - namely the great harms of interest-based economies and the ills of fiat money creation - as well as his views on Bitcoin as a form of sound money. Tarek also shared his thoughts on whether there is any hope of saving ourselves from the sinking ship in which we all find ourselves. At Tarek's request, this is an audio only episode.See Tarek's website: https://theproblemwithinterest.com(0:00) Introduction(3:31) Conceptual frameworks(6:31) What is the problem with interest?(11:10) Hasn't capitalism reduced poverty?(24:50) Our broken monetary system(30:42) If Tarek were Chancellor...(41:01) Would a mass transition be painful?(44:01) The power of vested interests(49:24) Is Bitcoin the solution?(59:06) Possibilities in the meantime(1:08:01) Truth will win