Private Money with Stefan Eich
The Dig
Daniel Denvir
4.8 • 1.7K Ratings
🗓️ 22 December 2021
⏱️ 124 minutes
🧾️ Download transcript
Summary
Episode two of our two-part series on cryptocurrency: political theorist Stefan Eich on how crypto fits into Hayek’s old neoliberal dream of private money and why that vision emerged in a new form in the wake of the 2008 financial crisis.
Read Stefan’s article: static1.squarespace.com/static/5ae8a7b625bf02c0b85aec02/t/5c923c13eef1a1ce843836ff/1553087508427/Stefan+Eich%2C+Old+Utopias%2C+New+Tax+Havens+%282019%29.pdf
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Check out We’re Not Here to Entertain: Punk Rock, Ronald Reagan, and the Real Culture War of 1980s America by Kevin Mattson global.oup.com/academic/product/were-not-here-to-entertain-9780190908232
Transcript
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| 0:00.0 | This episode of The Dig is brought to you by our listeners who support us at patreon.com |
| 0:04.7 | and by Oxford University Press, which has loads of great titles perfect for dig listeners like you. |
| 0:11.9 | One that you might like is, we're not here to entertain. |
| 0:15.4 | Punk rock, Ronald Reagan, and the Real Culture War of 1980s America, by Kevin Mattson. The 1980s produced some of the most |
| 0:24.0 | creative works of punk rock, not just the music of bands like the Minutemen and the Dead Kennedys, |
| 0:28.9 | but also visual arts, literature, poetry, and film. Historian and co-founder of DC's |
| 0:35.3 | positive force, Kevin Mattson, documents how widespread the punk |
| 0:39.1 | movement became, recounting its anarchism, DIY ethos, an art of dissent. As Samuel Zip wrote |
| 0:46.9 | in the nation about Mattson's book, punks tried both unruly provocation and grassroots community |
| 0:53.1 | building. |
| 0:57.4 | The noise they unleashed still reverberates today, |
| 1:03.1 | waiting to set off future provocation from people and places as yet unknown. |
| 1:05.8 | We are not here to entertain. |
| 1:12.0 | Punk Rock, Ronald Reagan, and the Real Culture War of 1980s America by Kevin Madsen. |
| 1:15.0 | Out now from Oxford University Press. |
| 1:27.1 | Welcome to The Dig, a podcast from Jacobin Magazine. My name is Daniel Denver, and I'm |
| 1:29.5 | broadcasting from Providence, Rhode Island. Cryptocurrency may not be currency. Indeed, as we |
| 1:35.7 | discussed in last week's episode, it is a speculative asset, but it does have roots in an old |
| 1:41.6 | neoliberal dream to create private money and break the state's |
| 1:45.6 | fiat money monopoly. The politicization and depolitization of money has long been central to the |
| 1:51.9 | history of capitalism. Amid the economic crises and inflation of the 1970s, money was |
| 1:58.0 | re-politicized, and, as I discussed with Tim Barker this past summer, Capital |
... |
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