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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