How to Think About the Economy with Per Bylund (WiM248)

Senior Fellow of the Mises Institute and Associate Professor of Entrepreneurship Per Bylund joins me for this in-depth conversation on his book "How to Think About the Economy". Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedlove GUEST Per's Website: https://perbylund.com Per's Twitter: https://twitter.com/PerBylund "How To Think About The Economy": https://mises.org/library/how-think-about-economy-primer 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?si=wgVuY16XR0io4NLNo0A11A&nd=1 RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript: Outline 00:00:00 “What is Money?” Intro Music 00:00:08 “What is Money?” Intro Message 00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com 00:01:48 Do More with Your Digital Assets with Ledn 00:02:33 "How To Think About the Economy" 00:05:34 Human Interaction with the Economy 00:12:03 Theory Interprets Observation 00:17:15 Why is "Production" Core to the Economy? 00:23:38 Supply and Demand 00:28:22 Take Control of Your Healthcare with CrowdHealth 00:29:25 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 00:30:00 Invest in the Fine Art Market with Masterworks 00:30:35 Hold Bitcoin is the Most Secure Custody Model with Casa 00:31:24 The Relationship between Consensual Exchange and Value Creation 00:33:50 Observing Economic Science  00:40:58 The Flaws of Writing Current Monetary Policy Based-Off Future Predictions 00:44:53 Is Money the "Blood" of the Economy? 00:48:50 Value, Money, and Price 00:55:00 Data Storage Within Price 00:55:00 The Origins of Money 01:03:57 Is "Fiat" Money? 01:08:57 Specialized Production and Supply-Chains 01:15:45 Human Action and the Economy 01:24:09 The Study of Hidden Consequences 01:27:18 Where to Find Per's Work 01:28:09 "What is Money" Outro Music 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?lang=en All My Current Work: https://linktr.ee/breedlove22 WRITTEN WORK Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/ WAYS TO CONTRIBUTE 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 Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528 The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true RECOMMENDED BUSINESSES Swan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedlove Ledn lets you do more with your digital assets: https://www.ledn.io/ CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedlove Wasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/ Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.com Casa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/ Buy High Quality Bitcoin Apparel Here  (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/breedlove Automatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/ Try Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.com