Gene Epstein: Austrian Economics, Soho Debates & Is BTC a 'store of value'?

Episode • Dec 12, 2019 • 2h 21m

I recently came across Gene while watching his debate at The Soho Forum with Professor Richard Wolff (link below). Gene, a follower of the Austrian school of economics, represented the 'Capitalism' side, while Richard, a Marxian economist, took the 'Socialism' side. After watching the debate, it was clear in my mind that Gene won (the audience agreed), and so I thought it would be interesting to have him on for a chat.

We touched on the debate itself, as well as socialism vs capitalism in general, and then broke into discussion on somethign we DO NOT agree on. This was focused on Gene's assertion that money (including gold and bitcoin) is not, nor should be, a 'store of value', but rather simply a 'medium of exchange'. I disagreed with this, and as a result we engaged in a spirited debate on the subject:)

This one is a bit long, so if you'd like to jump right to the 'store of value' discussion, it starts just after the first hour.

Enjoy!

Switch to the Fountain App

Open in Fountain