Max Hillebrand on Praxeology, Austrian Economics, and Bitcoin
Max Hillebrand is a free software entrepreneur and sound money philosopher. Max joins the Freedom Footprint show to deep dive into praxeology, the theory of human action underpinning Austrian economics, and to explore the connection to Bitcoin.
You can find Max on Twitter at: https://twitter.com/HillebrandMax
Max's website is https://towardsliberty.com/
And check out Wasabi Wallet at https://wasabiwallet.io/
00:00:00 - Introduction
00:02:02 - Max Hillebrand joins the Freedom Footprint show
00:03:48 - Praxeology book recommendations
00:05:57 - Introduction to Praxeology
00:16:14 - The definition of property, and action as purposeful behavior
00:24:20 - What prices really are - ordinal values vs cardinal prices
00:28:49 - Scarcity, abundance, time, and technology
00:37:44 - The true scarcity of Bitcoin
00:43:29 - Privacy and protecting Bitcoin - the guy with the gun scenario
00:50:49 - What is time preference?
00:55:55 - Theory on Capitalism and Socialism in Austrian economics
01:03:08 - Gresham's law and Bitcoin
01:10:04 - Bitcoin optimism - how Bitcoin supports the goodness of humanity
01:15:23 - The problems of inflation and how Bitcoin fixes it
01:22:17 - Saving vs Hodling, and the cost of moving and storing Bitcoin
01:31:47 - Bitcoin and the concept of property
01:35:36 - Why praxeology is important and useful to know about
01:41:06 - The rules of praxeology and Knut's alternatives
01:45:27 - Political implications of praxeology
01:49:54 - Bitcoin and praxeology as universal ethics
01:54:32 - What Bitcoin does to Bitcoiners
02:01:23 - Wrapping up - where to find Max
Referenced Books:
The Ethics of Liberty - Murray Rothbard
Economic Science and the Austrian Method - Hans-Hermann Hoppe
The Last Knight of Liberalism - Ludwig Von Mises
A Theory of Socialism and Capitalism - Hans-Hermann Hoppe
The Freedom Footprint Show is hosted by Knut Svanholm and BTCPseudoFinn. We are concerned about your Freedom Footprint! Join us as we talk to #bitcoin philosophers about how #bitcoin can expand your Freedom Footprint and much more!
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