Rahim Taghizadegan joins me to discuss what Jungian psychology and Austrian economics have in common, the problem with the deterministic worldview, the nature of incentives, and whether Bitcoin is a fundamental innovation. Rahim Taghizadegan is an economist, author, physicist, philosopher, investor, and entrepreneur. He is the last Austrian economist of the Austrian School in the direct tradition. // GUEST // Twitter: https://twitter.com/scholarium_at Website: https://scholarium.at/// SPONSORS // In Wolf's Clothing: https://wolfnyc.com/iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ CrowdHealth: https://www.joincrowdhealth.com/breedloveWasabi Wallet: https://wasabiwallet.io/ Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ // OUTLINE // 00:00:00 - Coming up 00:00:44 - Intro 00:02:17 - Helping Lightning Startups with In Wolf's Clothing 00:03:03 - Introducing Rahim Taghizadegan 00:03:47 - Rahim's Journey from Austrian Economics to Bitcoin 00:05:20 - Switching the Field of Interest 00:07:10 - Recommended Books 00:08:35 - Jungian Psychology & Austrian Economics 00:11:37 - The Complexity Theory 00:13:38 - Behavior vs. Action 00:18:19 - Praxeology 00:19:17 - Distinguishing Human from Animal 00:23:11 - 20th Century Crisis 00:30:10 - Innovation Led to Social Change 00:36:14 - Fighting Against the Demagogues 00:42:28 - Preservation of Privilege 00:43:24 - Guiding Light and the Narrative of Mythology 00:45:44 - Human Capability of Rational Argumentation 00:47:30 - Following the Leader 00:51:35 - Rules vs. Regulation 00:53:10 - Differentiating Epistemology & Philosophy 00:55:16 - Replacing Philosophy with Science 01:01:05 - Simplicity vs. Complexity 01:02:23 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 01:03:19 - Mismanagement of Science 01:07:07 - Science is Not the Only Answer 01:10:38 - DDT Pesticide Disaster 01:12:53 - The Line Between Proper Intervention and Abuse 01:16:02 - From Newtonian Theory to Einsteinian Theory 01:19:41 - Problem with the Newtonian Worldview of Human Beings 01:22:29 - Difference Between Theory and Observation 01:26:43 - Attributes of Real Science 01:29:04 - Tradition of Speculation & Exaggeration 01:33:38 - Choosing the Right Facts 01:35:23 - Verifying the Ideals 01:38:13 - Spotting the Irregularities and Discussing Metaphysics 01:43:27 - Axiom of Action 01:46:11 - Predicting Human Behaviour 01:49:22 - The Freedom to Choose 01:52:31 - The Metaphor of Language & Money 01:55:28 - Bitcoin is an Idealized Money 01:57:46 - Is Bitcoin Discovered or Invented? 02:00:17 - Take Control of Your Healthcare with CrowdHealth 02:01:18 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 02:02:10 - Bitcoin a Fundamental Innovation 02:03:42 - Can Bitcoin Be Established in Today’s World? 02:07:40 - The Nature of Incentives 02:11:06 - How Incentives Influence Action 02:17:32 - Fiat Currency Incentivizes Debt 02:21:09 - How Incentives Interact with Morality 02:25:25 - Restructuring the Incentives 02:29:13 - Private Property & Social Cooperation 02:32:20 - Being an Entrepreneur of Change 02:37:02 - Bitcoin Enhances Private Property 02:39:33 - The Feedback Loops of Bitcoin 02:41:27 - How to Find Rahim's Work// PODCAST // Podcast Website: https://whatismoneypodcast.com/ Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE? RSS Feed: https://feeds.simplecast.com/MLdpYXYI// SUPPORT THIS CHANNEL // Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7 Sats via Strike: https://strike.me/breedlove22 Sats via Tippin.me: https://tippin.me/@Breedlove22 Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove// WRITTEN WORK // Medium: https://breedlove22.medium.com/ Substack: https://breedlove22.substack.com/// SOCIAL // Breedlove Twitter: https://twitter.com/Breedlove22 WiM? Twitter: https://twitter.com/WhatisMoneyShow LinkedIn: https://www.linkedin.com/in/breedlove22Instagram: https://www.instagram.com/breedlove_22 TikTok: https://www.tiktok.com/@breedlove22 All My Current Work: https://vida.page/breedlove22