Brief Summary: El Salvador's President Nayib Bukele has appointed Saifedean Ammous, author of The Bitcoin Standard, as an Economic Advisor to the National Bitcoin Office. Ammous will provide advice on various economic policies, aligning with Bukele's focus on "economic liberty and bitcoin." The President and Ammous recently met to discuss topics such as economics, hydroponics, cattle breeding, and urban planning. Ammous also delivered lectures to students of El Salvador's Bitcoin and Lightning developer program. As an Austrian economist and well-known Bitcoin advocate, Ammous brings a perspective that emphasizes minimal government intervention in the economy, contrasting with mainstream Keynesian economics. The National Bitcoin Office oversees Bitcoin projects in El Salvador and collaborates with other countries. Ammous is considered a Bitcoin maximalist, being highly optimistic about Bitcoin while being skeptical of other cryptocurrencies. El Salvador's crypto policy has already embraced this view to some extent by making Bitcoin legal tender and regulating non-Bitcoin assets through the national securities regulator.
|