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The "What is Money?" Show

Democracy: The God that Failed | The Song Series | Episode 2 (WiM087)

The "What is Money?" Show

Robert Breedlove

Bitcoin, Breedlove, What Is Money, Investing, Rabbit Hole, Cryptocurrency, Money, Finance, Education, Robert Breedlove, History

4.8710 Ratings

🗓️ 8 December 2021

⏱️ 88 minutes

🧾️ Download transcript

Summary

Jimmy Song joins me for a multi-episode conversation covering the masterful anti-state treatise “Democracy: The God that Failed” written by Hans-Hermann Hoppe.

Transcript

Click on a timestamp to play from that location

0:00.0

It's, it's, well, at least one party. So you can't have something like slavery,

0:13.3

where you can, you can, you can, one party benefits, but the other party gets screwed.

0:18.3

Right. And that's unfortunately been the model that we've been reduced to in a lot of societies.

0:24.8

The Romans did this that way and all the way up to, you know, the Soviet gulags.

0:30.3

They built their entire country and all of the infrastructure and stuff through slave labor, right?

0:36.1

Like they would put them to the gulag or whatever, and that's how they would build it out.

0:41.4

And that's what it reduces to when you don't have voluntary trade.

0:46.5

So really the alternative to capitalism, the alternative to voluntary trade is some form of slavery,

0:53.6

which is not a very good prospect.

0:56.7

Absolutely.

0:58.8

Yeah, maybe the voluntary trade is a positive sum game.

1:04.3

And if we introduce an involuntary aspect to that, it becomes much more zero-sum,

1:09.0

much more master-and-slave dynamic. And that's, you know,

1:14.2

embedded in the central bank system. It is, there's involuntary exchange right to the core, right?

1:20.0

Every time we print money, they're stealing from the productive economy. And I think, you know,

1:25.6

I've been thinking about this a lot recently, too, is I think this impacts are not only our self-identity, but our group identity as well, that we identify so much with politics.

1:37.5

We're so concerned about our political leanings one way or another.

1:40.6

And it's only because politics determines the distribution of property to a large extent.

1:48.6

You know, if it couldn't be stolen, then all of a sudden we just wouldn't have an incentive

1:52.9

to care about one another's political leanings as much.

1:55.2

So it's almost like politics is this mass psychosis induced by, you know, fiat, or at least contributed to by

2:03.8

fiat currency. Yeah. Fiat money definitely raises the stakes of politics because there's this money

...

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