Jimmy Song joins me for a multi-episode conversation covering the masterful anti-state treatise “Democracy: The God that Failed” written by Hans-Hermann Hoppe.
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OUTLINE 00:00:00 “What is Money?” Intro 00:00:08 Empiricism vs. Rationalism 00:07:11 Isolation of Variables is a Prerequisite to Empiricism 00:09:12 Keynesian Economics is Empiricism; Austrian Economics is Rationalism 00:13:23 The Relationship Between Civilization and Time Preference 00:19:32 The Moral Component of Time Preference 00:21:40 Time Preference as a Relationship Abstract Others 00:25:02 The Metaphysics of Savings and Being Saved 00:29:47 Natural Interest Rate: The Quantification of Time Preference 00:33:27 Time Preference as the Source Waters of Virtue 00:35:52 The Thomastic Conception of Usury 00:40:59 NYDIG 00:42:06 Capital is Frozen Time 00:47:27 Civilization as Multi-Layered Capital Accumulation 00:50:10 Capital Accumulation Catalyzes a Self-Reinforcing Cycle of Civilization 00:50:59 External Factors Influencing Time Preference 00:56:56 Biological Factors Influencing Time Preference 01:03:41 Savings Even Lowers Time Preferences of Non-Savers! 01:08:22 Keynesianism Destroys Accountability and Savings 01:10:46 State Interference in Free Markets is Decivilizing 01:15:31 The Costs of Securing Property is Inverse to Civilization 01:18:21 State Action is an Unmitigable Risk to Entrepreneurship