The Philosophy of Money with Steven Hicks (WiM350)

Stephen Hicks joins me to discuss the philosophy of money, the morality of money and business, the importance of philosophical education, and why Bitcoin might be a sly roundabout way to take money out of the hands of The State. <br /><br />Stephen Hicks is a professor of philosophy and the Executive Director of the Center for Ethics and Entrepreneurship at Rockford University. He is the author of 'Nietzsche and the Nazis.' <br /><br />// GUEST // <br />Twitter: https://twitter.com/SRCHicks <br />Website: http://www.stephenhicks.org/ <br />YouTube: https://www.youtube.com/@CEEChannel<br /><br />// SPONSORS // <br />In Wolf's Clothing: https://wolfnyc.com/<br />Gold Investment Letter: https://www.goldinvestmentletter.com/ <br />iCoin Hardware Wallet (use discount code BITCOIN23): https://www.icointechnology.com/ <br />Wasabi Wallet: https://wasabiwallet.io/ <br />Casa (use discount code BREEDLOVE): https://keys.casa/ <br />Bitcoin Apparel (use discount code BREEDLOVE): https://thebitcoinclothingcompany.com/ <br />Feel Free Tonics (use discount code BREEDLOVE): https://botanictonics.com <br />Carnivore Bar (use discount code BREEDLOVE): https://carnivorebar.com/ <br /><br />// OUTLINE // <br />00:00:00 - Coming up <br />00:00:23 - Intro <br />00:01:56 - Helping Lightning Startups with In Wolf's Clothing <br />00:02:43 - Introducing Stephen Hicks <br />00:03:12 - The Philosophy of Money <br />00:06:29 - Money: A Social and Cultural Achievement <br />00:08:39 - Centrally Designed Money vs. Emergent Money <br />00:13:26 - The Origin of Money <br />00:18:42 - Money: A Language of Value <br />00:21:30 - The Resemblance between Money and Books <br />00:23:55 - The Morality of Money <br />00:33:56 - Money in Ancient Greece and Sparta <br />00:36:49 - The Greater Good Fallacy <br />00:41:05 - Individual Will vs. Collective Will <br />00:43:23 - The Utilitarian Standard <br />00:46:20 - Individualism Projects the Highest Resolution <br />00:49:11 - Maximize Your Profits with Gold Investment Letter <br />00:50:05 - Secure Your Bitcoin Stash with the iCoin Hardware Wallet <br />00:51:01 - The Noble Lie <br />00:52:01 - Bootleggers and Baptists <br />00:55:25 - The Naivety of the Baptists <br />00:57:56 - The Philosophical Controversy of Money <br />01:01:06 - A Cognitive Hierarchy and Measuring the Value <br />01:07:20 - Apprehending the Value of Knowledge <br />01:10:31 - The Laziness Factor and Business Efficiency <br />01:15:10 - The Ethics of Business <br />01:15:56 - Lending & Borrowing <br />01:22:28 - Morality of Business and Money <br />01:25:35 - The Inherent Value <br />01:29:11 - Free Market Capitalism Promotes Individualism <br />01:32:20 - The Desire for a Centralized Authority <br />01:35:25 - Secularism of the Central Planners <br />01:37:34 - A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet <br />01:38:26 - Hold Bitcoin in the Most Secure Custody Model with Casa <br />01:39:14 - Value Judgment <br />01:42:58 - The Difference between Government and State <br />01:46:52 - The Legitimacy of Using Force <br />01:49:10 - The Proper Role of the State <br />01:50:40 - Restraining the State within the Moral Scope <br />01:55:14 - The Importance of Philosophical Education <br />01:59:25 - The Proverbial Cycle of Men and Time <br />02:03:00 - Still on the Learning Curve <br />02:0