Jim talks with recurring guest Max Borders about the ideas in his new book The Decentralist: Mission, Morality, and Meaning in the Age of Crypto. They discuss happiness as a common ground, a eudaimonistic sensibility, the marshmallow experiment & deferred gratification, how inflation affects behavioral discount rates, Maslow's hierarchy of needs, von Mises's praxeology, reconciling individual & collective agency, coherent pluralism, Chomsky's syndicalism, Enlightenment liberalism, practices of morality, Bitcoin's deflationary tendency, Holochain, recessions as times of healing, guided mutation in crypto, DAO contracts, stacks of authority, asymptotic anarchy, the doctrine of subsidiarity, imagining high-trust societies, the tension between welfare & moral responsibility, breaking up the state's monopoly on policing, compulsion & persuasion, the 3 governors, masculinity & femininity X eros & thanatos, 6 moral spheres & approaching them coherently, and much more.