Time, Capital, and Civilization | The Song Series | Episode 1 (WiM080)

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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GUEST
Jimmy's twitter: https://twitter.com/jimmysong
Jimmy's podcast: https://podcasts.apple.com/us/podcast/bitcoin-fixes-this/id1523910866
Jimmy's writing: https://jimmysong.substack.com/

PODCAST
Podcast Website: https://whatismoneypodcast.com/
Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400
Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1
RSS Feed: https://feeds.simplecast.com/MLdpYXYI
Transcript:

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

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WRITTEN WORK
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