Economist Denise Hearn joins me for an in-depth conversation that delves into the many faces of the economy and value—we discuss the slippery definitions of wealth, cognitive awareness, and how these concepts relate to the individual.Be sure to check out NYDIG, one of the most important companies in Bitcoin: https://nydig.com/GUESTDenise’s Twitter: https://twitter.com/denisehearn_Denise’s Newsletter: https://embodied-economics.ghost.io PODCASTPodcast Website: https://whatismoneypodcast.com/Apple Podcast: https://podcasts.apple.com/us/podcast/the-what-is-money-show/id1541404400 Spotify: https://open.spotify.com/show/25LPvm8EewBGyfQQ1abIsE?si=wgVuY16XR0io4NLNo0A11A&nd=1RSS Feed: https://feeds.simplecast.com/MLdpYXYI Transcript:OUTLINE00:00:00 “What is Money?” Intro00:00:08 Introducing Denise’s Work on Anti-Monopoly00:03:12 Traditional Proxies of Economic Value and Power00:10:10 Downward and Upward Causations in Markets00:14:55 Internal Influences External: How Societal Values Shape Cities00:21:21 A Blind Man and a Moth: Extending the Cognitive World Beyond the Human Body00:28:22 Deciphering Real and Unreal in a World of Schrödinger’s Cat00:35:05 Using Rational Choice Theory Why Would Someone Buy a Purse Made of Trash?00:41:52 Dissecting Physical Power and Political Power00:48:34 Growthless Asset Maximization: How Companies Make Money00:53:49 Concentrated Industries and Monopoly Puts Power in Fewer Hands00:57:58 Is it too Simplistic to Create Policies Around a Core Productivity Metric?01:05:28 Incentivizing Consumption By Placing a Tax on Currency01:11:06 Centralization and Decentralization: The Systole and Diastole of Human History01:18:28 Bitcoin Incentivizes Wealth Acquisition via Self-Production01:22:23 Are Bitcoin and Smart Contracts a Window to a New Governance Model?01:27:47 NYDIG01:28:54 “Bitcoin is Optimized for the Self-Interest of Holders”01:33:05 Trust as a Concept for the Meta-Narratives of Our System01:43:08 Do We Act Out of Self-Interest or for the Collective Benefit?01:47:57 How Would We Implement the Building Blocks of an Optimized Collective?01:52:44 Identifying the Proxy for Wealth as Knowledge and Capital02:00:09 Measuring Productivity and the Individual: Is it still of Value if it is Unseen?02:04:44 Is Life Happening Within a Simulation02:11:08 Questioning Life Detracts from What it Means to Be Alive02:16:02 "What is Money?" OutroSOCIALBreedlove Twitter: https://twitter.com/Breedlove22WiM? Twitter: https://twitter.com/WhatisMoneyShowLinkedIn: https://www.linkedin.com/in/breedlove22/Instagram: https://www.instagram.com/breedlove_22/TikTok: https://www.tiktok.com/@breedlove22?lang=enAll My Current Work: https://linktr.ee/breedlove22WRITTEN WORKMedium: https://breedlove22.medium.com/Substack: https://breedlove22.substack.com/WAYS TO CONTRIBUTEBitcoin: 3D1gfxKZKMtfWaD1bkwiR6JsDzu6e9bZQ7Sats via Strike: https://strike.me/breedlove22Sats via Tippin.me: https://tippin.me/@Breedlove22Dollars via Paypal: https://www.paypal.com/paypalme/RBreedloveDollars via Venmo: https://venmo.com/code?user_id=1784359925317632528The "What is Money?" Show Patreon Page: https://www.patreon.com/user?u=32843101&fan_landing=trueRECOMMENDED BUSINESSESWorldclass Bitcoin Financial Services: https://nydig.com/Join Me At Bitcoin 2022 (10% off if paying with fiat, or discount code BREEDLOVE for Bitcoin): https://www.tixr.com/groups/bitcoinconference/events/bitcoin-2022-26217Automatic Recurring Bitcoin Buying: https://www.swanbitcoin.com/breedlove/Buy Bitcoin in a Tax-Advantaged Account: https://www.daim.io/robert-breedlove/Buy Your Dream Home without Selling Your Bitcoin with Ledn: https://ledn.io/en/?utm_source=breedlove&utm_medium=email+&utm_campaign=substack

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