Watch now | This week we are joined by comedian nomad Dalton Pruitt to discuss the work of David Graeber, anarchist and anthropologist who proposed the novel idea that money in all of its iterations through history is actually debt.
Economics! Right in my wheelhouse! A friend from my software days got into David Graeber's book, 'Debt: The First 5,000 Years,' and sent me links to the audio of a couple of chapters. I recall it was interesting, if for nothing else than to hear the financialization of the economy critiqued.
Solid podcast. Intuitively, this seems more plausible that debt precedes a market ( I guess it depends on how one would define market). Just as a thought experiment, if you casually run it all the way back to Genesis (however you interpret that), it seems like their was a neutral state that had the capacity to be mutable (meaning Adam/Eve had an equal probability of choosing good or evil because they have capacity to change and it could go in either direction since sin wasn't in the world yet) to a negative state where they choose evil (so sin is now bound up in the world). In a sense, they took on a the most serious debt (not financial, but spiritual).
I know you said he skipped over the modern period, but did he cover the School in Salamanca. I think they get overlooked, but they were like the proto Adam Smith camp. Quigley might have put it back further.
I think most people who have the capacity to think about things grow through a libertarian phase because superficially persuasive. The problem with Dave Smith and company is he stays within a narrow framework. It really is economic dispensationalism (that is the best I have ever heard it described).For example, they will go on about tariffs, but never mention the Eurodollar system. I think it's because it's a static viewpoint and very few people truly understand the entropic principle and what it means to be in time, so they have a static framework or model that is dead on arrival. It's why all the Asian models fail and some of the Greek models that rely too heavily on Aristole (some of his stuff is quite good, but some is problematic for civilizational development). Christianity actually understood this point well and again if you aggregate big points in the Bible you get something like integrity as being the most important value to structure society on, so you are able to build a system around that (independent of time period) because it places emphasis on real participation,which is what the US did for the most part until the 60s. I get the boomer hate, but I don't think you get the boomers without the greatest generation being shell shocked and unable to participate in the lives of their kids. I think this is one of the reasons why boomers are eternal children, too your point.
As someone who has taught courses in the university system, I would say maybe 25 -30% of the students actually belong there and the university is exploiting the rest. I made it a point to try to really explain why *scientism* is a deeply flawed view of reality and maybe a quarter knew what I was actually talking about (in a science class).
I empathized with people going through a difficult situation right now (again same sentiment on immigration etc.), but I think it's important to try to remain optimistic because I do think things can get better in your personal life. The first step in making that happening is having the belief that they can get better. It's somewhat corny, but belief really is the first step because it precedes action. You are your own prison guard in a very real sense.
Habakkuk 1:5
The Lord's Answer
Look among the nations, and see; wonder and be astounded. For I am doing a work in your days that you would not believe if told.
Economics! Right in my wheelhouse! A friend from my software days got into David Graeber's book, 'Debt: The First 5,000 Years,' and sent me links to the audio of a couple of chapters. I recall it was interesting, if for nothing else than to hear the financialization of the economy critiqued.
I've been waiting for this one 🔥 🔥 🔥
I love Dalton but he is a idiot just invest in all the Trump pumped stocks.
Solid podcast. Intuitively, this seems more plausible that debt precedes a market ( I guess it depends on how one would define market). Just as a thought experiment, if you casually run it all the way back to Genesis (however you interpret that), it seems like their was a neutral state that had the capacity to be mutable (meaning Adam/Eve had an equal probability of choosing good or evil because they have capacity to change and it could go in either direction since sin wasn't in the world yet) to a negative state where they choose evil (so sin is now bound up in the world). In a sense, they took on a the most serious debt (not financial, but spiritual).
I know you said he skipped over the modern period, but did he cover the School in Salamanca. I think they get overlooked, but they were like the proto Adam Smith camp. Quigley might have put it back further.
I think most people who have the capacity to think about things grow through a libertarian phase because superficially persuasive. The problem with Dave Smith and company is he stays within a narrow framework. It really is economic dispensationalism (that is the best I have ever heard it described).For example, they will go on about tariffs, but never mention the Eurodollar system. I think it's because it's a static viewpoint and very few people truly understand the entropic principle and what it means to be in time, so they have a static framework or model that is dead on arrival. It's why all the Asian models fail and some of the Greek models that rely too heavily on Aristole (some of his stuff is quite good, but some is problematic for civilizational development). Christianity actually understood this point well and again if you aggregate big points in the Bible you get something like integrity as being the most important value to structure society on, so you are able to build a system around that (independent of time period) because it places emphasis on real participation,which is what the US did for the most part until the 60s. I get the boomer hate, but I don't think you get the boomers without the greatest generation being shell shocked and unable to participate in the lives of their kids. I think this is one of the reasons why boomers are eternal children, too your point.
As someone who has taught courses in the university system, I would say maybe 25 -30% of the students actually belong there and the university is exploiting the rest. I made it a point to try to really explain why *scientism* is a deeply flawed view of reality and maybe a quarter knew what I was actually talking about (in a science class).
I empathized with people going through a difficult situation right now (again same sentiment on immigration etc.), but I think it's important to try to remain optimistic because I do think things can get better in your personal life. The first step in making that happening is having the belief that they can get better. It's somewhat corny, but belief really is the first step because it precedes action. You are your own prison guard in a very real sense.
Habakkuk 1:5
The Lord's Answer
Look among the nations, and see; wonder and be astounded. For I am doing a work in your days that you would not believe if told.