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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Austrian Economics and Complex Systems with Rahim Taghizadegan (WiM376)