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/breedlove Wasabi 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/id1541404400 Spotify: 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/breedlove22 Instagram: https://www.instagram.com/breedlove_22  TikTok: https://www.tiktok.com/@breedlove22  All My Current Work: https://vida.page/breedlove22