The "What is Money?" Show
How the Corruption of Money Corrupts Everything with Robert Breedlove (WiM415)
Episode guests
Podcast summary created with Snipd AI
Quick takeaways
- Inflation can erode honesty and social moral integrity in the marketplace by prioritizing financial well-being over moral values.
- The What Is Money Show aims to provide valuable information to understand money and Bitcoin.
- A free market capitalist system with maximal economic competition reduces the profitability of coercion and violence.
- Socialism diminishes productivity by incentivizing theft and decreasing individual motivation to work.
Deep dives
Inflation and Integrity
Inflation can lead producers to prioritize financial well-being over moral integrity, corroding honesty and social moral integrity in the marketplace.
The Role of The What Is Money Show
The What Is Money Show aims to shed light on the collection of money and provides valuable information to help understand money and Bitcoin.
Selective Sponsorships
The What Is Money Show is sponsor-based, but the host is selective in choosing sponsors that align with the values expressed on the show, such as freedom, education, and self-sovereignty.
The Importance of Free Market Competition
Economic competition is essential in keeping producers honest and ensuring the production of high-quality goods and services at the lowest possible prices. A free market capitalist system allows for maximal economic competition and reduces the profitability of coercion and violence.
Socialism as a Continuum between Communism and Capitalism
The speaker discusses socialism as the continuum between communism and capitalism, defining it as the institutionalized policy of aggression against private property. The effective tax rate is considered a proxy for socialism, indicating the percentage of a person's labor that they are allowed to keep. This concept highlights the importance of private property and the right to own the products of one's labor. The speaker argues that socialism diminishes productivity by incentivizing theft and decreasing individuals' motivation to work.
The Importance of Private Property and Capitalism
Private property is essential for individual empowerment and upward mobility. It allows individuals to keep the products of their labor and incentivizes productivity, innovation, and delayed gratification. The speaker argues that the abolition of private property, as proposed by Marxism, leads to a two-tier economic system, where the state controls the means of sustaining life, and the productive individuals become a slave class. The perfection of private property, rather than its abolition, is advocated for, as it maximizes individual motivation, cooperation, and overall human productivity.
Money Printing, Inflation, and the Corruption of Money
The podcast delves into the consequences of money printing and inflation. It examines how these practices debase the value of money, leading to an erosion of purchasing power and wealth redistribution. Money printing is described as an institutionalized form of time theft, where the value of people's time and labor is gradually diminished. The speaker believes that money printing and inflation undermine economic, social, and moral integrity, distorting perceptions of value and promoting deceit. Bitcoin is presented as an alternative to corrupt monetary systems, providing a way to preserve wealth and protect against theft.
Ben Wehrman interviews Robert Breedlove about how the corruption of money corrupts everything, the common misconceptions around different social structures, the importance of private property, and how Bitcoin flips global corruption on its head.
// HOST //
YouTube: https://www.youtube.com/@benwehrman
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Website: https://www.benwehrman.com/
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// OUTLINE //
00:00:00 - Coming up
00:00:15 - Intro
00:01:48 - Helping Lightning Startups with In Wolf's Clothing
00:02:34 - Introduction / Robert's Backstory
00:08:16 - Taxes 101 / How Taxation Has Been Used & Abused Throughout History
00:17:03 - How Bitcoin Changes The Calculus of Taxation
00:18:44 - The Importance of Consensual Exchange / Natural Competition
00:25:14 - The Problem With The State Getting Infinite "Free Rolls"
00:27:38 - How the Federal Reserve Money Printer Ruins Everything
00:31:36 - Benefits of Bringing Money Management to the Local Level
00:33:58 - The Self-Refuting Logic of Statism
00:36:53 - Run Your Business from Anywhere with NetSuite
00:37:58 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet
00:39:07 - Are Wealthy Billionaires The Problem...or is it Politicians & Central Banks?
00:47:47 - How Bitcoin Fixes All of the Above
00:51:44 - Why Systemic Change vs. Leadership Change
00:55:20 - Focus on the Incentives
00:57:00 - Capitalism vs. Socialism vs. Communism
01:07:40 - How Capitalism Takes Human Nature & Rationality Into Account
01:14:07 - Enhance Your Brain Power with Mind Lab Pro
01:15:13 - Take Control of Your Healthcare with CrowdHealth
01:16:20 - The Importance of Private Property
01:22:06 - How the Corruption of Money Leads to Corruption of Everything Else
01:30:06 - Discussion on "Slavery" Through A Modern Lens
01:35:35 - "We Are Living Through the Intellectual & Economic Dark Ages" / How Eliminating the Money-Printer Flips the Script
01:42:58 - The Return to Morality / Bitcoin Fixes This
// PODCAST //
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
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