Austrian Economics and Complex Systems with Rahim Taghizadegan (WiM376)

Rahim Taghizadegan joins me to discuss what Jungian psychology and Austrian economics have in common, the problem with the deterministic worldview, the nature of incentives, and whether Bitcoin is a fundamental innovation. Rahim Taghizadegan is an economist, author, physicist, philosopher, investor, and entrepreneur. He is the last Austrian economist of the Austrian School in the direct tradition. // GUEST // Twitter: https://twitter.com/scholarium_at Website: https://scholarium.at/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:44 - Intro 00:02:17 - Helping Lightning Startups with In Wolf's Clothing 00:03:03 - Introducing Rahim Taghizadegan 00:03:47 - Rahim's Journey from Austrian Economics to Bitcoin 00:05:20 - Switching the Field of Interest 00:07:10 - Recommended Books 00:08:35 - Jungian Psychology & Austrian Economics 00:11:37 - The Complexity Theory 00:13:38 - Behavior vs. Action 00:18:19 - Praxeology 00:19:17 - Distinguishing Human from Animal 00:23:11 - 20th Century Crisis 00:30:10 - Innovation Led to Social Change 00:36:14 - Fighting Against the Demagogues 00:42:28 - Preservation of Privilege 00:43:24 - Guiding Light and the Narrative of Mythology 00:45:44 - Human Capability of Rational Argumentation 00:47:30 - Following the Leader 00:51:35 - Rules vs. Regulation 00:53:10 - Differentiating Epistemology & Philosophy 00:55:16 - Replacing Philosophy with Science 01:01:05 - Simplicity vs. Complexity 01:02:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 01:03:19 - Mismanagement of Science 01:07:07 - Science is Not the Only Answer 01:10:38 - DDT Pesticide Disaster 01:12:53 - The Line Between Proper Intervention and Abuse 01:16:02 - From Newtonian Theory to Einsteinian Theory 01:19:41 - Problem with the Newtonian Worldview of Human Beings 01:22:29 - Difference Between Theory and Observation 01:26:43 - Attributes of Real Science 01:29:04 - Tradition of Speculation & Exaggeration 01:33:38 - Choosing the Right Facts 01:35:23 - Verifying the Ideals 01:38:13 - Spotting the Irregularities and Discussing Metaphysics 01:43:27 - Axiom of Action 01:46:11 - Predicting Human Behaviour 01:49:22 - The Freedom to Choose 01:52:31 - The Metaphor of Language & Money 01:55:28 - Bitcoin is an Idealized Money 01:57:46 - Is Bitcoin Discovered or Invented? 02:00:17 - Take Control of Your Healthcare with CrowdHealth 02:01:18 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 02:02:10 - Bitcoin a Fundamental Innovation 02:03:42 - Can Bitcoin Be Established in Today’s World? 02:07:40 - The Nature of Incentives 02:11:06 - How Incentives Influence Action 02:17:32 - Fiat Currency Incentivizes Debt 02:21:09 - How Incentives Interact with Morality 02:25:25 - Restructuring the Incentives 02:29:13 - Private Property & Social Cooperation 02:32:20 - Being an Entrepreneur of Change 02:37:02 - Bitcoin Enhances Private Property 02:39:33 - The Feedback Loops of Bitcoin 02:41:27 - How to Find Rahim's Work// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22