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WiM037 – The Power of Choice with Bob Murphy

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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
Breedlove Twitter: https://twitter.com/Breedlove22
WiM? Twitter: https://twitter.com/WhatisMoneyShow
LinkedIn: https://www.linkedin.com/in/breedlove22/
Instagram: https://www.instagram.com/breedlove_22/
TikTok: https://www.tiktok.com/@breedlove22?lang=en
All My Current Work: https://linktr.ee/breedlove22​

WRITTEN WORK
Medium: https://breedlove22.medium.com/
Substack: https://breedlove22.substack.com/

WAYS TO CONTRIBUTE
Bitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7
Sats via Strike: https://strike.me/breedlove22
Sats via Tippin.me: https://tippin.me/@Breedlove22
Dollars via Paypal: https://www.paypal.com/paypalme/RBreedlove
Dollars via Venmo: https://venmo.com/code?user_id=1784359925317632528
The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=true

BUSINESSES I LIKE:
Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/
Use Discount Code "Breedlove" for Bitcoin Custody w/ Casa: https://keys.casa/#plans
Buy Bitcoin in a Retirement Account w/ DAIM: https://daimio.typeform.com/to/oU5OHXMZ
Worldclass Bitcoin Financial Services: https://nydig.com/


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