Summary

In this episode of the Thank God for Bitcoin podcast, Jordan interviews Philip Pilkington, an economist and author, to discuss his book 'The Reformation In Economics, and the failures of the economics profession. They explore the differences between Keynesian and Austrian economics, the role of central banking, and the philosophical underpinnings of economic theories. The conversation delves into the challenges of knowledge in economics, the intersection of economics and theology, and critiques of GDP as a measure of success. They also discuss the impact of technocracy on society and the current state of late liberal capitalism. In this conversation, Jordan Bush and Phil discuss the deeper societal issues related to money, gambling, and the need for moral critiques in the face of technological innovations. They explore the implications of vice laws, the role of money in human flourishing, and the historical context of economic exploitation. The discussion also touches on the future of living standards, cultural conflicts arising from immigration, and the evolving nature of Bitcoin as a financial instrument. Throughout the conversation, they emphasize the importance of moral judgments in business practices and the necessity of regulations to prevent economic degradation.