Avik Roy is the President for Research on Equal Opportunity and policy editor at Forbes. Avik joins for me a conversation covering his essay titled "Bitcoin & the U.S. Fiscal Reckoning."Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTAvik's Twitter: https://twitter.com/AvikAvik's Essay: https://nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoningAvik's Website: https://freopp.org/PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYITranscript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 “Bitcoin and the US Fiscal Reckoning”00:06:07 What Drives Inflation? And What Drives Deflation?00:11:05 “Inflation is Always and Everywhere a Monetary Phenomenon”00:14:15 Are Bitcoiners Prepared for Disruption to Come?00:16:15 The 1971 Bank Run and Nixon’s Options at the Time00:25:21 Let The Free Market Figure it Out!00:30:23 Nixon’s Short Term Success was a Mirage00:34:26 Where are We Now, Post March 2020?00:40:49 Bond Market Disruption00:48:34 Can the Chinese Yuan Become the Global Reserve Currency?00:57:02 NYDIG00:58:10 Should the U.S Leverage Bitcoin while China is Leveraging Gold?01:04:30 Governments Adapting to Permissionless Money01:10:14 Bitcoin Bringing the U.S Back to its Core Principles01:16:23 What the World Looks Like Post-Bitcoin?01:24:04 Strategic Implications for the U.S01:30:16 Bitcoiners Taking Risk to Ensure its Success01:37:33 Getting Bitcoin in the Minds of Policy Makers01:41:53 How Does this Play Out Over the Next 15-20 YearsSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22​WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Home Delivered Organic Grass-Fed Beef (Spend $159+ for 4 lbs. free): https://truorganicbeef.com/discount/BREEDLOVE22Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack