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

Sep 26, 2024 51 min

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

from Bitcoin Takeover Podcast Hosted by Vlad Costea

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)

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What this episode covers

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

0:00 51:10

Chapters

  1. 0:51 Introducing Prof. Richard Werner
  2. 2:01 Richard Werner's View on Bitcoin
  3. 2:45 Problems with Central Banks
  4. 3:01 Empirical Studies on Money Creation
  5. 4:16 Decentralization and Local Banking
  6. 5:23 Concerns About CBDCs
  7. 6:38 Ideological Conflicts
  8. 7:30 Importance of Empirical Data
  9. 9:51 Critique of Theoretical Economics
  10. 11:07 Scientific Method in Economics
  11. 13:50 Concerns About CBDCs and Privacy
  12. 14:35 Opposition to CBDCs
  13. 16:10 Privacy Claims of CBDCs
  14. 17:16 Misunderstanding of CBDCs
  15. 18:29 Arguments Against CBDCs
  16. 19:42 Transparency in Central Banking
  17. 20:31 RFK's Blockchain Proposal
  18. 21:43 Personal Experience with Cash Transactions
  19. 21:56 Cash Transactions and Personal Choice
  20. 22:53 The Human Right to Cash
  21. 24:06 The Importance of Demand for Cash
  22. 25:08 Accountability of Central Banks
  23. 26:18 Support for Local Banks
  24. 28:40 Recent Banking Crises
  25. 29:49 Analysis of Silicon Valley Bank's Collapse
  26. 40:46 Federal Reserve's Role in Banking
  27. 43:11 The Federal Reserve's Inaction
  28. 44:21 Impact on Farmers in the 1930s
  29. 45:34 Centralization of Agriculture
  30. 46:53 Critique of Central Planning
  31. 47:09 Solutions for Small Local Banks
  32. 48:50 Lessons from German Community Banks

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This episode was published on September 26, 2024.

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