Austrian Economics and Complex Systems with Rahim Taghizadegan (WiM376)

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. 

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// 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

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