Separation of Money and State with Josef Tětek (WiM337)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8 • 710 Ratings

🗓️ 10 July 2023

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

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Summary

Josef Tětek joins me to discuss the relationship between the Austrian School of Economics with Bitcoin, the impact of time preference, and the non-state properties of Bitcoin.

Transcript

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0:00.0	The second offer of the Austrian tradition that helps us with understanding Bitcoin is Haig.
0:06.7	And his take on what prices actually are.
0:12.5	And my probably all-time favorite piece of writing on economics is his use of knowledge in society.
0:20.2	I love that paper. Yeah.
0:21.5	Yeah. Where he explains that prices are like the most intelligent way for us to co-create,
0:30.2	to share knowledge in between each other with the least amount of necessary information.
0:36.5	The least amount of information is just a digit.
0:39.5	Just the price.
0:41.3	It's like the ultimate form of data compression.
0:43.5	Right.
0:43.9	Yeah.
0:44.2	In terms of moving knowledge or preferences around the world and just one number.
0:48.1	Yeah.
0:48.4	Versus the story or words or anything.
0:50.1	Yeah.
0:50.4	Yeah. Yeah. Yeah. Hey, everybody.
0:56.0	Welcome to the What is Money Show.
1:01.0	I am thrilled to have you here joining me on my mission to help shine light on the collection of
1:07.0	money.
1:08.0	Now, if this is your first time listening to The What Is Money Show, I strongly
1:11.9	recommend that you go back to episodes one through nine first, which lays a lot of the groundwork
1:17.9	for many of the concepts that we explore on the show. These first nine episodes are my series
	...

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