SDE ep. 36: Money and Time

In episode 36 of Separating Money and State, Iván Gómez and economist Joan Tubau discuss the thesis of their book Fuck You Money, which posits that money is a time capsule that allows one to store and multiply the hours of life worked. Tubau, trained in the Austrian school, argues that well-invested savings buy the ability to say no. He cites Diogenes, Bartleby, and Bukowski to build a philosophy of frugality and autonomy, where luxury should be affordable and not on credit, which he considers a trap. Tubau emphasizes that the most valuable resource is not money, but time, and recommends the rap Keynes vs. Hayek by Russ Roberts as a summary of macroeconomics. His central thesis is that money buys time and that the goal is to own 100% of the 24 hours in a day. He cites Robert Kiyosaki regarding the middle class and its lack of savings and time, and mentions Bukowski as an example of the advantage of not fearing job loss. He describes his diversified portfolio, which includes gold, Bitcoin, equities, commodities, and index funds/ETFs, recommending that Bitcoin be included in all portfolios with a percentage ranging from 5% to 40%. He also notes that one does not fully own a house due to expropriation, contrasting this with Bitcoin as total ownership.

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