ECON135: What Is Money?

The discussion in this video examines money as power and its role as an insurance policy against future uncertainty. First, we will delve into the concept of debt as anti-energy and Saylor's intriguing take on fiat currency and politically toxifying money. We will work through a thought experiment that clarifies Bitcoin's value proposition and superiority as a store of value. Lessons from history highlight the influence of organized groups and the distinction between store of value and medium of exchange. Saylor and Breedlove go on to explore the utility of money and the productivity of market participants as drivers of market value. Bitcoin is portrayed as an embodiment of free market capitalism principles, contrasting with fiat currency inflation. Lastly, they delve into the philosophical aspects, discussing truth and Bitcoin's relationship with civilization's pursuit of truth.