#121 - Curtis Yarvin PT.2 - From Caesar to Satoshi: Why Political & Economic Systems Fail
The Peter McCormack Show
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 20 October 2025
⏱️ 111 minutes
🧾️ Download transcript
Summary
In Part 2 of our conversation, Curtis Yarvin covers political decay, Austrian economics and the origins of money and Bitcoin.
We explore:
– Monarchy as the most honest system of rule
– The flaw in free-market libertarianism
– Mises vs Keynes vs Friedrich List
– What the Austrians got right & wrong
– Why personal net worth is the real inflation metric
– The theoretical origin of money
– Bitcoin vs gold question
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CONNECT WITH CURTIS YARVIN
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TIMESTAMPS:
00:00:00 – Introduction
00:05:38 – Farage, Reform & Populism's Trap
00:10:50 – Monarchy as a Political System
00:17:34 – Caesar vs Commodus
00:25:38 – Democracy's Many Failure Modes
00:30:11 – Corporate Governance as Political Metaphor
00:33:25 – Austrian Economics & Intellectual Capture
00:40:32 – System Software & Building Urbit
00:49:29 – Economics as Propaganda
00:54:12 – Why GDP Is a Lie
01:01:07 – Mises vs Keynes
01:05:00 – Mercantilism & Friedrich List
01:09:21 – Personal Net Worth = Inflation
01:14:18 – Bitcoin, Gold & Store of Value
01:24:05 – The Nash Equilibrium of Money
01:30:34 – Why Axes Can't Be Money
01:35:26 – Why Bitcoin Wins
01:38:16 – The Path to Remonetisation
01:46:43 – How Close He Got to Bitcoin
01:50:00 – Final Thoughts
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FILMED BY CURTIS TAYLOR
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EDITED BY CONOR MCCORMACK
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Transcript
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| 0:00.0 | Things are hosed. Wow, that is hard to believe. You're like, I thought we were on the road to |
| 0:05.3 | Utopia. I thought we were building socialism. You're telling me things are hosed. I'm hearing that |
| 0:10.4 | for the first time, right? Things are hosed is a hard pill to swallow. And then once you've taken that |
| 0:16.8 | pill, you need to swallow the next pill, which is still more brutal, which is things have been |
| 0:21.9 | hosed since the 17th century. And that is true of the monetary system, that is true of various |
| 0:28.7 | political and legal ideas. Just assume the worst case scenario about any field or any system of |
| 0:36.6 | ideas is things have been h host since the 17th century. |
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| 1:24.9 | I mean, it essentially goes back to this FDR. Yeah. Because you know what? Like, |
| 1:29.4 | after I was it in, it was in Tucker's interview who brought it up. So I went and read it. |
| 1:34.2 | Actually, I know I posted it on Facebook. And it was, it was warmly welcomed by my conservative |
| 1:38.7 | friends. But this was it. This is preeminently the time to speak the truth. |
| 1:44.5 | The whole truth, frankly and boldly, |
| 1:47.1 | nor need we shrink from honesty facing conditions in our country today. |
| 1:51.3 | Values have shrunk into fantastic level. |
... |
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