Economist Denise Hearn joins me for an in-depth conversation that delves into the many faces of the economy and value—we discuss the slippery definitions of wealth, cognitive awareness, and how these concepts relate to the individual.
Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/
GUEST
Denise’s Twitter: https://twitter.com/denisehearn_
Denise’s Newsletter: https://embodied-economics.ghost.io
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 Introducing Denise’s Work on Anti-Monopoly
00:03:12 Traditional Proxies of Economic Value and Power
00:10:10 Downward and Upward Causations in Markets
00:14:55 Internal Influences External: How Societal Values Shape Cities
00:21:21 A Blind Man and a Moth: Extending the Cognitive World Beyond the Human Body
00:28:22 Deciphering Real and Unreal in a World of Schrödinger’s Cat
00:35:05 Using Rational Choice Theory Why Would Someone Buy a Purse Made of Trash?
00:41:52 Dissecting Physical Power and Political Power
00:48:34 Growthless Asset Maximization: How Companies Make Money
00:53:49 Concentrated Industries and Monopoly Puts Power in Fewer Hands
00:57:58 Is it too Simplistic to Create Policies Around a Core Productivity Metric?
01:05:28 Incentivizing Consumption By Placing a Tax on Currency
01:11:06 Centralization and Decentralization: The Systole and Diastole of Human History
01:18:28 Bitcoin Incentivizes Wealth Acquisition via Self-Production
01:22:23 Are Bitcoin and Smart Contracts a Window to a New Governance Model?
01:27:47 NYDIG
01:28:54 “Bitcoin is Optimized for the Self-Interest of Holders”
01:33:05 Trust as a Concept for the Meta-Narratives of Our System
01:43:08 Do We Act Out of Self-Interest or for the Collective Benefit?
01:47:57 How Would We Implement the Building Blocks of an Optimized Collective?
01:52:44 Identifying the Proxy for Wealth as Knowledge and Capital
02:00:09 Measuring Productivity and the Individual: Is it still of Value if it is Unseen?
02:04:44 Is Life Happening Within a Simulation
02:11:08 Questioning Life Detracts from What it Means to Be Alive
02:16:02 "What is Money?" Outro
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