The Philosophy of Money with Stephen Hicks (WiM350)
The "What is Money?" Show
The Importance of Individualism in Dispersed Markets
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Stephen Hicks joins me to discuss the philosophy of money, the morality of money and business, the importance of philosophical education, and why Bitcoin might be a sly roundabout way to take money out of the hands of The State.
Stephen Hicks is a professor of philosophy and the Executive Director of the Center for Ethics and Entrepreneurship at Rockford University. He is the author of 'Nietzsche and the Nazis.'
// GUEST //
Twitter: https://twitter.com/SRCHicks
Website: http://www.stephenhicks.org/
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// OUTLINE //
00:00:00 - Coming up
00:00:23 - Intro
00:01:56 - Helping Lightning Startups with In Wolf's Clothing
00:02:43 - Introducing Stephen Hicks
00:03:12 - The Philosophy of Money
00:06:29 - Money: A Social and Cultural Achievement
00:08:39 - Centrally Designed Money vs. Emergent Money
00:13:26 - The Origin of Money
00:18:42 - Money: A Language of Value
00:21:30 - The Resemblance between Money and Books
00:23:55 - The Morality of Money
00:33:56 - Money in Ancient Greece and Sparta
00:36:49 - The Greater Good Fallacy
00:41:05 - Individual Will vs. Collective Will
00:43:23 - The Utilitarian Standard
00:46:20 - Individualism Projects the Highest Resolution
00:49:11 - Maximize Your Profits with Gold Investment Letter
00:50:05 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:51:01 - The Noble Lie
00:52:01 - Bootleggers and Baptists
00:55:25 - The Naivety of the Baptists
00:57:56 - The Philosophical Controversy of Money
01:01:06 - A Cognitive Hierarchy and Measuring the Value
01:07:20 - Apprehending the Value of Knowledge
01:10:31 - The Laziness Factor and Business Efficiency
01:15:10 - The Ethics of Business
01:15:56 - Lending & Borrowing
01:22:28 - Morality of Business and Money
01:25:35 - The Inherent Value
01:29:11 - Free Market Capitalism Promotes Individualism
01:32:20 - The Desire for a Centralized Authority
01:35:25 - Secularism of the Central Planners
01:37:34 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet
01:38:26 - Hold Bitcoin in the Most Secure Custody Model with Casa
01:39:14 - Value Judgment
01:42:58 - The Difference between Government and State
01:46:52 - The Legitimacy of Using Force
01:49:10 - The Proper Role of the State
01:50:40 - Restraining the State within the Moral Scope
01:55:14 - The Importance of Philosophical Education
01:59:25 - The Proverbial Cycle of Men and Time
02:03:00 - Still on the Learning Curve
02:04:23 - Proper Education for Children
02:06:26 - Can Bitcoin Restrain the Government?
02:09:18 - The Political Risks to Bitcoin
02:12:20 - Where to Find Stephen on the Internet
// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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