Money, Coercion, and Government Policy with Noam Chomsky (WiM127)

01/30/22 • 78 min

1 Listener

Noam Chomsky joins for me for a conversation on money, government policy, the proper role of coercion in civilization, and the consequences of neoliberalism.

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GUEST
Noam’s Website: http://www.chomsky.info/

PODCAST
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Transcript:

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 What is Money? And What is the Proper Role of Government in Money?
00:05:30 The Rise of Neoliberalism and Class Warfare
00:12:25 Financialization and the Bailout Economy
00:15:45 The Gold Standard Constrained Government Optionality
00:18:40 “Redlines” Laid Out by the Current US Republican Party
00:24:00 What Options Were Made Available by Abolishing the Gold Standard?
00:27:54 The Role of Inflation in Driving Wealth Disparity
00:33:00 Abolishing the Gold Standard and the Decoupling of Productivity and Wages
00:36:15 Who Bears the Costs of Limited Liability Incorporation?
00:39:30 Libertarian Perspective on Government Intervention and Unemployment
00:44:19 A Monopoly on Money Effectuates Limited Liability for Government?
00:49:30 Neoliberalism and a One-Sided Class War
00:51:35 NYDIG
00:52:43 What is the Proper Role of Coercion in Civilized Society?
00:57:00 The Decrying of Democracy
01:00:43 Do Free Markets Manifests What People Want?
01:04:44 The Integrity of Private Property Rights Prevents Cost Externalization?
01:07:53 The Proper Role of Market and State in Anarcho-Syndicalism
01:10:39 Is Democracy Intrinsic to the Free Market?
01:13:38 The Impact of Government Policy on Entrepreneurship

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Noam Chomsky joins for me for a conversation on money, government policy, the proper role of coercion in civilization, and the consequences of neoliberalism.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Noam’s Website: http://www.chomsky.info/

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

Previous Episode

Bitcoin and the U.S. Fiscal Reckoning with Avik Roy (WiM126)

Avik Roy is the President for Research on Equal Opportunity and policy editor at Forbes. Avik joins for me a conversation covering his essay titled "Bitcoin & the U.S. Fiscal Reckoning."

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Avik's Twitter: https://twitter.com/Avik
Avik's Essay: https://nationalaffairs.com/publications/detail/bitcoin-and-the-us-fiscal-reckoning
Avik's Website: https://freopp.org/

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 “Bitcoin and the US Fiscal Reckoning”
00:06:07 What Drives Inflation? And What Drives Deflation?
00:11:05 “Inflation is Always and Everywhere a Monetary Phenomenon”
00:14:15 Are Bitcoiners Prepared for Disruption to Come?
00:16:15 The 1971 Bank Run and Nixon’s Options at the Time
00:25:21 Let The Free Market Figure it Out!
00:30:23 Nixon’s Short Term Success was a Mirage
00:34:26 Where are We Now, Post March 2020?
00:40:49 Bond Market Disruption
00:48:34 Can the Chinese Yuan Become the Global Reserve Currency?
00:57:02 NYDIG
00:58:10 Should the U.S Leverage Bitcoin while China is Leveraging Gold?
01:04:30 Governments Adapting to Permissionless Money
01:10:14 Bitcoin Bringing the U.S Back to its Core Principles
01:16:23 What the World Looks Like Post-Bitcoin?
01:24:04 Strategic Implications for the U.S
01:30:16 Bitcoiners Taking Risk to Ensure its Success
01:37:33 Getting Bitcoin in the Minds of Policy Makers
01:41:53 How Does this Play Out Over the Next 15-20 Years

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

Next Episode

Native Americans and the Value of Freedom | The Mike Hill Series | Episode 5 (WiM128)

Mike Hill joins for me for a multi-episode exploration of the masterful book “Lila: An Inquiry Into Morals” written by best-selling author Robert Pirsig. This book may be one of the most undervalued ever written, as it proposes an alternative interpretation of reality that Pirsig calls “The Metaphysics of Quality” (MOQ). According to MOQ, reality is not made up of substance, but rather it is composed of distinct patterns of value. In a Copernican-like revolution of perspective, MOQ sheds new light on age-old debates such as moral relativism, the nature of subject-object duality, good vs. evil, science vs. religion, the importance of freedom, and the primacy of action.

Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/

GUEST
Mike’s Website: https://www.mikehill.design/

OUTLINE
00:00:00 “What is Money?” Intro
00:00:08 How Inorganic Reality Influences Social Morality
00:03:47 Native Americans Viewed the Universe as a Conscious Actor
00:08:00 Static Patterns of Value as “Shadows” of Dynamic Quality
00:12:05 The Limited Arises From and Returns to The Limitless
00:14:07 Evolutionary Complexity as the Proper Spectrum of Morality
00:17:50 Paradox Occurs When Different Levels of Value Disagree?
00:19:41 Rationality: What Ratio of Value Systems are Weighted in Any Given Decision
00:25:02 Production Designs Involve Subliminal Messaging from the Environment
00:27:07 An Analogy of Pedestrians in New York and Two Red Blood Cells...
00:33:47 Native Americans Conceived of Reality as a Participatory Phenomenon
00:35:57 American Values as a Synthesis of European and Native American Values
00:40:05 The Westward Manifestation of American Values in Architecture
00:45:28 Native Americans are Plainspoken: “The Voice of the Plains”
00:47:28 American Cowboys Appropriated Native American Values
00:50:43 NYDIG
00:51:52 Notable Native American Traits
00:54:48 Conditions of Scarcity as an Evolutionary Driver of Value Systems
00:58:00 Franz Boas and The Scientism of Cultural Anthropology
01:02:02 Bicoastal US Value Systems Reflected in Socioeconomic Institutions
01:06:04 Dynamic Quality is the Pursuit of Metaphysical Freedom
01:07:58 Visualizing the Fields of Value We All Live Within
01:09:53 The Eye of God, Material Engagement, and Civilizational Bootstrapping
01:12:58 Poetic and Pragmatic: God and Free Exchange

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

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