Economics Professor: “Bitcoin's fixed supply is both a benefit and a harm in some ways”

In this conversation, Thomas Hogan and Pascal Hügli discuss the role of central banks in the economy compared to Bitcoin, the concept of a Bitcoin standard, and the implications of base money in today's financial system. They emphasize the differences between Bitcoin and fiat currencies, particularly in terms of scarcity and monetary policy. The discussion also touches on the historical context of the gold standard and how it relates to the potential future of Bitcoin as a base money. Last but not least, Hogan also elaborates the potential for Bitcoin to serve as base money in a new financial system, and the challenges of building a credit system on top of Bitcoin. Chapters 01:23 Intro 01:24 Understanding the Bitcoin Standard 13:58 Base Money: Bitcoin vs. Fiat 21:08 The Gold Standard and Bitcoin's Future 30:43 The Genesis of Bitcoin: A Response to Government Control 33:04 Bitcoin as Base Money: The Future of Financial Systems 39:10 Building a Credit System on Bitcoin: Opportunities and Challenges 45:01 Risk Behavior in a Bitcoin Economy: A New Paradigm 51:53 Bitcoin's Current Economic Impact: A Work in Progress Follow Thomas Hogan: Twitter - https://x.com/HoganMonEcon Follow me: Twitter - https://x.com/pahueg Nostr - npub1qhx7lnggpv64f0wt5xyjj7h90qh5ewu35pspr66sj8alc4gvcfjqqn04l8 Thank you for subscribing to our channel! We’re excited to have you with us! Check out our sponsor Newhedge: https://newhedge.io/ Newhedge is an analytics and intelligence platform for all the Bitcoin data you need! Get 50% off your subscription by using the code "Signal"! 🔥 Bitcoin #CentralBanks #MonetaryPolicy #Economics #BaseMoney #GoldStandard #FinancialSystem #Inflation #EconomicGrowth #BitcoinStandard #cryptocurrency #decentralizedfinance #monetarypolicy #economicsystems #credit #nflation #governmentcontrol #financialstability #digitalcurrency Support the show