Boby Murphy joins me for a deep conversation about the principles of economics.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Bob’s twitter: https://twitter.com/BobMurphyEcon
Bob’s show: https://www.bobmurphyshow.com/
Bob’s book “Choice”: https://www.amazon.com/Choice-Cooperation-Enterprise-Human-Action/dp/1598132180

CHANNEL
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:

EPISODE
00:00:00 “What is Money?” Intro
00:00:05 NYDIG
00:01:22 “Choice”: A Complement to “Human Action”
00:06:55 How Economics differs from Natural Sciences
00:13:14 Economics vs. Economic History
00:16:04 Empiricism vs. Rationalism
00:24:19 Praxeology: The Science of Human Action
00:35:30 Teleology: The Study of Purpose
00:41:07 Actor Preferences and Value
00:48:22 The Inequality of Exchange
00:53:48 The ‘Water and Diamonds Paradox’
01:02:06 “On the Origin of Money”
01:09:42 Apriori, Aposteriori, Apodictic
01:17:51 Ideologies and Public Opinion
01:23:06 Dispelling False Doctrines
01:30:44 Political Polarization and Fiat Currency
01:34:19 “The End of Western Civilization”
01:36:39 Bitcoin and the Restoration of Civilization
01:43:47 Economics that Makes Sense

SOCIAL
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WRITTEN WORK
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