The Economy as a Psychological Engine with Nolan Bauerle (WiM300)
The "What is Money?" Show
00:00
The Psychology of Time Preference
The time preference thing, you know, and Austrians would agree with this psychological assessment, they say that's not numbers or anything like that. We are completely in the realm of psychology. And when there is no feedback loop, what you end up becoming zombie is one way to put it. You're deep with the pornography, really, higher system. Bitcoin is about to teach a system that thinks that finance is a porno, is a risk-free environment. What is like to get fucked for real? It's not a bad thing. So they de-risk Wall Street. They've taken out the actual sexual energy out of it. And guess what happens in the real fucking argument
Transcript
Play full episode
