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The Philosophy of Money with Stephen Hicks (WiM350)

The "What is Money?" Show
The "What is Money?" Show
Episode • Aug 9, 2023 • 2h 13m

Stephen Hicks joins me to discuss the philosophy of money, the morality of money and business, the importance of philosophical education, and why Bitcoin might be a sly roundabout way to take money out of the hands of The State. 

Stephen Hicks is a professor of philosophy and the Executive Director of the Center for Ethics and Entrepreneurship at Rockford University. He is the author of 'Nietzsche and the Nazis.' 

// GUEST // 
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Website: http://www.stephenhicks.org/ 
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// OUTLINE // 
00:00:00 - Coming up 
00:00:23 - Intro 
00:01:56 - Helping Lightning Startups with In Wolf's Clothing 
00:02:43 - Introducing Stephen Hicks 
00:03:12 - The Philosophy of Money 
00:06:29 - Money: A Social and Cultural Achievement 
00:08:39 - Centrally Designed Money vs. Emergent Money 
00:13:26 - The Origin of Money 
00:18:42 - Money: A Language of Value 
00:21:30 - The Resemblance between Money and Books 
00:23:55 - The Morality of Money 
00:33:56 - Money in Ancient Greece and Sparta 
00:36:49 - The Greater Good Fallacy 
00:41:05 - Individual Will vs. Collective Will 
00:43:23 - The Utilitarian Standard 
00:46:20 - Individualism Projects the Highest Resolution 
00:49:11 - Maximize Your Profits with Gold Investment Letter 
00:50:05 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet 
00:51:01 - The Noble Lie 
00:52:01 - Bootleggers and Baptists 
00:55:25 - The Naivety of the Baptists 
00:57:56 - The Philosophical Controversy of Money 
01:01:06 - A Cognitive Hierarchy and Measuring the Value 
01:07:20 - Apprehending the Value of Knowledge 
01:10:31 - The Laziness Factor and Business Efficiency 
01:15:10 - The Ethics of Business 
01:15:56 - Lending & Borrowing 
01:22:28 - Morality of Business and Money 
01:25:35 - The Inherent Value 
01:29:11 - Free Market Capitalism Promotes Individualism 
01:32:20 - The Desire for a Centralized Authority 
01:35:25 - Secularism of the Central Planners 
01:37:34 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet 
01:38:26 - Hold Bitcoin in the Most Secure Custody Model with Casa 
01:39:14 - Value Judgment 
01:42:58 - The Difference between Government and State 
01:46:52 - The Legitimacy of Using Force 
01:49:10 - The Proper Role of the State 
01:50:40 - Restraining the State within the Moral Scope 
01:55:14 - The Importance of Philosophical Education 
01:59:25 - The Proverbial Cycle of Men and Time 
02:03:00 - Still on the Learning Curve 
02:04:23 - Proper Education for Children 
02:06:26 - Can Bitcoin Restrain the Government? 
02:09:18 - The Political Risks to Bitcoin 
02:12:20 - Where to Find Stephen on the Internet

// PODCAST // 
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