Arjun Khemani Podcast

#19 – Logan Chipkin: Understanding Economics

Jul 28, 2023

02:10:39

Creator website

AI Chapters

Episode notes

Introduction

3min

The Austrian School of Economics

5min

The Law of Diminishing Marginal Utility

2min

The Importance of Testing Austrian Economics

5min

The Relationship Between Economics and Politics

1min

The Importance of Austrian Economics

5min

The Importance of Private Property in Wealth Creation

3min

The Tradeoff Between Welfare and Stateism

6min

The Constructor Theoretic View of Wealth

5min

10.

The Implications of Economic Creationism

3min

11.

Why Austrian Economics Is Not Popular in Contrast With Other Schools of Economic Thought

4min

12.

The Economics of Consumption

2min

13.

The Economics of Capitalism and Consumption

6min

14.

The Benefits of a Hard Money Regime

3min

15.

The History of Fiat Money

3min

16.

The Origins of Metal in the Ancient Greek World

3min

17.

The Fall of Rome

6min

18.

The Economic Properties of Money

3min

19.

The Evolution of the Layered Money System

3min

20.

The Importance of Trust in Bitcoin

6min

21.

The Rise of the Gold Standard

2min

22.

The Rise and Fall of the Federal Reserve System

3min

23.

The American Empire and the Bretton Woods Agreement

5min

24.

The Importance of Market Feedback in a Sound Money Environment

3min

25.

The Relationship Between the Soundness of Money and the Cost of Bullshit

5min

26.

The Economics of Bitcoin and the Technicalities of How It Works

3min

27.

The Problems With Bitcoin

3min

28.

Bitcoin: The Humanities Next Base Layer Money

2min

29.

The Benefits of Bitcoin

4min

30.

Bitcoin: The Next Base Layer of Money for Humanity

2min

31.

Barriers to Bitcoin Adoption

2min

32.

The Mimetic Aspect of Bitcoin Adoption

5min

33.

The Predominant Conception of Physical Theory

5min

34.

The Impossibility of Regularities in Nature

2min

35.

The Complexity of an Economy

5min

36.

Principles of Economics

6min

This episode was recorded on Airchat. Learn more at getairchat.com.

Logan Chipkin is a writer. You can purchase his recently published fantasy novel, Windfall here.

Follow Logan on Twitter @ChipkinLogan and on Airchat @logan.

TIMESTAMPS

0:33 - A brief history of Austrian economics

9:15 - Is economics a science?

14:12 - How to think about the state

21:05 - The problem with welfare statism

30:05 - Constructor Theory and Austrian economics

33:12 - Economic creationism

41:20 - Consumerism: does capitalism rob us of meaning from our lives?

52:14 - Fiat, sound, hard, and easy monies

55:49 - The history of money: the fall of Rome

1:01:47 - Attributes of a sound money

1:05:59 - History of money: the Renaissance

1:12:06 - History of fiat money: the gold standard

1:15:17 - History of fiat money: World War I

1:18:48 - History of fiat money Post World War II

1:23:13 - Market feedback as criticism

1:32:56 - Bitcoin

1:52:51 - Constructor Theory

2:04:07 - Recommended reading and final remarks

LINKS

Support my work: buymeacoffee.com/arjunkhemani

Twitter: twitter.com/arjunkhemani

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit www.arjunkhemani.com

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.