Allen Farrington returns to THE Bitcoin Podcast to discuss his latest essay “Number Go Down,” the myths surrounding deflation, why fiat economics gets causation backwards, and how inflationary monetary systems distort society itself.

Walker and Allen explore the “paradox of thrift,” why central banking is fundamentally incompatible with free markets, and how fiat money fuels wealth inequality while convincing people capitalism is to blame. They also dive into socialism, Bitcoin as a savings technology, lowering time preference, and the future of Bitcoin scaling technologies like Lightning and ARK.

The conversation also covers Bitcoin Is Venice, the upcoming second edition of the book, and why Bitcoin adoption may happen not through ideology — but through people slowly rediscovering common sense.

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