Is Property Theft? | Dr Robert Murphy | EP 189

This episode was recorded on May 19th 2021.
Dr. Robert P. Murphy is an Austrian School economist, Research Fellow at the Independent Institute, and Senior Fellow at the Mises Institute.
This episode of The Jordan Peterson Podcast covers topics such as value, free trade, private property, and minimum wage laws. They also dedicate time to discuss the specialization of individual tasks, interest rates, the Business Cycle, and more engrossing matters.
Being the author of multiple books, from Lessons for the Young Economist to The Politically Incorrect Guide to Capitalism, Dr. Murphy does not hold back with his economic and political discussions. He continues to highlight his views in his other book, Choice: Cooperation, Enterprise, and Human Interaction, which is a modern distillation on the school of Austrian economics.
Dr. Murphy's Book: "Choice: Cooperation, Enterprise, and Human Action" www.independent.org/store/boo...
Dr. Murphy's bio: bit.ly/38qiNyk
Independent Institute
www.independent.org/
Dr. Murphy’s website: consultingbyrpm.com/
[00:00] Introduction
[0:18] Jordan Peterson introduces Dr. Robert Murphy.
[2:30] Learning about the Austrian school of economics.
[6:00] The basics of Austrian economics by Ludwig von Mises is distilled in Murphy's book ‘Choice'. Robert outlines the basic building blocks of this economic system.
[11:30] Theories of Value, Marginal Utility, Utility, Labor.
[17:00] Why should average people care about how economics works?
[19:30] Will raising the U.S. minimum wage hurt or help young people?
[27:00] The practical price paid for increasing the minimum wage / interfering with the free market setting pricing in general.
[35:30] Mises’ ideas in the Austrian view of economic structures.
[46:00] Relating different parts of the economy from the perspective of Austrian economics and Marxist communism/socialism.
[54:00] Does specialization maximize productivity? Is free trade beneficial to all?
[1:08:30] Discussing the idea that private property is theft, What rights do we as individuals need to own. Defining what it means to own something.
[1:25:30] The distributed supercomputer of the free market that allows complex communication through price.
[1:33:30] Is the power to make investments and society shaping decisions spread over a net of rich people or in the hands of the state?
[1:38:30] Claims of systemic racism from an economic perspective or the consequences of irrational prejudice in a free market economy.
[1:46:30] Equating value to price. Tracking liabilities and assets.
[1:50:00] Introducing The Business cycle.
[2:03:00] Confronting the possibly morally problematic idea of inherited wealth.
[2:15:00] Finally finding our way to business cycle theory.
[2:23:00] Looking at privatized versions of commodities formerly believed to only be possible through some form of central planning or government. Bitcoin, eBay, Uber
[2:30:00] Wrapping up the episode
Visit www.jordanbpeterson.com to view more information about Jordan.
Jordan B. Peterson is a professor of psychology at the University of Toronto, a clinical psychologist, and the author of the multi-million copy bestseller 12 Rules for Life: An Antidote to Chaos, #1 for nonfiction in 2018 in the US, Canada, the UK, Australia, New Zealand, Sweden, the Netherlands, Brazil and Norway, and slated for translation into 50 languages.
Dr. Peterson has appeared on many popular podcasts and shows, including the Joe Rogan Experience and many more. Dr. Peterson’s own podcast has focused mainly on his lecture series, covering a great deal of psychology and historical content. Jordan is expanding his current podcast from lectures to interviews with influential people around the world.
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[@isaiahDK]

"Is property theft?" is something of an oxymoron because theft is impossible without property.

[@FromThe3021]

I was ‘without property’ because of theft. The theft left me ‘without property’.

[@jeanlamontfilms5586]

Not only that, how can one steal what belongs to everyone? Theft is essentially a denial of property and logic.

[@thomasfells7557]

If the legitimate owner is the collective and an individual privatizes ie monopolizes the resource to his own use, I think is how the theory goes, not that I agree with it.

[@thomasfells7557]

@@jeanlamontfilms5586 I think that in a collective ownership situation, the individual steals by monopolizing ie privatizing and taking the resource out of public circulation. The books at the public library belong to everyone, but if I take them home and never bring them back then I'd be stealing from the community. Not that I'm a communist. But that's how I would argue the case.

[@jeanlamontfilms5586]

@@thomasfells7557 I like your examples. Seems like stealing from a library and monopolizing both require abandoning logic.

[@RossLambert801]

Bob Murphy influencing Peterson is what the world needs.

[@seaningram5395]

I couldn't believe this was real when I saw it! Too awesome.

[@Hibernial]

When you take a glance at your phone giving you another notification. “Oh it’s probably another email notification or something. Wait a-“

[@brianomoli4]

Right? Bob in front of 4 million subscribers? That is a win for liberty!

[@capitaltheorist]

Amen brother

[@adnaine536]

I don't see it as one influencing the other, I see both are truth seeker, and genuine knowledge lover. You can be an arrogant arse and holding on only to your opinion regardless the size of the truth you're carrying. We have a lot of them. But to see someone who humble enough to admit a greater truth and accept it, now that's rarely happened. That's the ethic educated people supposed to possess. That's the genuine motive to pursue knowledge.

[@widmaljanuka5446]

im a teenager who lives in sri lanka, a small 3rd world island in south asia litarally thousands of miles away. will never see mr peterson in person. but im getting the opportunity to learn a full university course on human personality by the one of the gratest minds alive today. thank you sir.

[@DevSharma-yg6jk]

You can it's just little bit hard you island can be equal to Maldives or the palm Island of middle East you just have to work a little bit fast and more

[@divergentsenior]

You are a smart teen! Look up all of Dr. Peterson's videos -- 200 hours of free college level education.

[@empyrionin]

ser wen lambo

[@ReneeKnightYogaRani]

Jordan Peterson is a Canadian national treasure for those of us in the know!

[@ReneeKnightYogaRani]

@@screwstatists7324 he’s living in India & probably speaks three languages! How many languages do you speak & write?

[@williamstgeorge7289]

“A horse, a horse! My kingdom for a horse!” Act-V, Scene-IV of William Shakespeare’s play, Richard III. This is an excellent example of how value may change depending on circumstances. Desire is the key.

[@stanleyvandermeer]

Ok, King, if you sign here, you can have my horse ;-)

[@johnplatt7729]

@@stanleyvandermeer fffñc

[@dyfnwalmoelmud8362]

Only a subversive communist would ask is property theft. Property means what is proper to you.

[@da33smith37]

And nobody was willing to offer a horse at that price. You might call that situational aversion. 😉

[@kristinfrostlazerbeams]

🐎

[@Steve83B]

Bob Murphy is great. One of the most fun people you can talk to about economics and not want your eyes gauged out.

[@esterhudson5104]

Lol. 👍

[@TurboJohn74]

I felt that 😄

[@wiskybiskits]

i don’t agree with some of his views, but agreed

[@daveBit15]

Austrian economics is much more fun than any other school.

[@nicosmind3]

Yeah between him and Tom Woods, both can give a lecture and have people rolling around the aisles laughing

[@cogitations_and_creations]

Can we please see a discussion between Dr. Peterson and Thomas Sowell before it's too late?

[@mlbonfox8199]

Lol, for what party???

[@cogitations_and_creations]

@@mlbonfox8199 Sowell is now 91, he's still smart as a whip and I think it would be a shame if these two great minds didn't at least have one conversation before it just physically can't happen anymore...

[@pmqdave2688]

Spot on. What a conversation that would be ..

[@andylangeland496]

Yessssss

[@tomj7382]

This must happen 🙏

[@BigDawgDavao]

Has JP ever had a discussion with Thomas Sowell? That's an event I would drop everything on the day's agenda to watch.

[@canadiangunner7478]

That is a discussion I would pay money for.

[@TheNanotech97]

@@psychcowboy1 did you actually listen to the man? I mean he is pretty critical of the rich vs poor narrative but it shouldn't have been that hard to see what he was getting at

[@TheNanotech97]

@@psychcowboy1 peterson alone could fill a book or three.... Sowell could fill several as well, lol, bit Sowell for example pointed out sampling errors and biases in statistics often used to say that racism is running rampant, just to name one case

[@Tttb95]

@@psychcowboy1 Hes never doubted inequality. Hes denied the medias claim about how distinct the lines are and the racism they claim. If youve bothered to actually read his work youd know he says equality of outcome isnt possible, and that people with more valuable skills will almost always become wealthier.

[@Tttb95]

​@@psychcowboy1 Thats not mainstream thought though. Mainstream thought is that systemic racism and sexism is why people dont succeed/arent equal. Saying the US/Western World is mostly merit based is actually controversial today. If youre asking if Sowell has ever said something Nobel Prize worthy, then I would agree and say he hasnt. But hes stated basic facts and corrected mainstream thought in a very simple, yet eloquent way in his books. And that doesnt discredit Sowell's intelligence in any way, nor does that disprove anything hes said. Its funny how you hold "right-wing" thought to a much higher standard to thought that conforms to your ideology. But then again, if you leftists didnt have double standards, you wouldnt have any standards at all.

[@YeTenuousUmbrae]

It's amazing to see that Mises is being discussed by someone like Peterson, someone well known everywhere. I remember reading and learning Austrian economics just after the 08 crash and being imoressed at the insight but also disapointed about how little people knew about this school of thought. So glad after over a decade the word is getting out there.

[@Michael-vf2mw]

Maybe it'll become mainstream after the next crash makes 08 look like child's play.

[@BobWidlefish]

“Choice” by Dr. Robert Murphy is very easy to read: no math, no obscure language, etc. It’s written very clearly in simple language anyone can understand without any prior knowledge of or interest in economics. I highly recommend it!

[@thefredkalis]

Economics is the result of humans actions you can't transform it into numbers.

[@BobWidlefish]

@@thefredkalis nice picture my friend, my favorite flag colors. :)

[@stevepowell6503]

It is an older book, but I always encourage people to read "The Worldly Philosophers" by Heilbroner. It is a historical look at economics through the framework of a brief biography of early practitioners. The language is very welcoming, and I learned a lot from it. It also helped me develop a good working relationship with my Econ prof, as I got to name-drop Thorstein Veblen in the class, which he said was the only time he had ever come across anyone not in t he field who knew who Veblen was.

[@SameBasicRiff]

@@thefredkalis praxiology can yield statistics though, which can have great benefit to study.

[@derrick_v]

Yes!

[@gustavrsh]

I've always seen some Mises on Peterson's arguments. Libertarianism has a lot to do with personal responsibility. A lot of people think libertarianism is about free market, but free market is a consequence, not a basis.

[@Hibernial]

@@ksNanoSquid I’m glad there’s Misesian strain of thought, and that there’s not just the beltway libertarian school of opinion.

[@daveBit15]

I don't think there's much of Mises in JBP. Hopefully, there will be more after talking to Bob Murphy.

[@cb-gz1vl]

Libertarian is the non-aggression principle, that's pretty much it. Its not even about responsibility. You can be a raging bigot and be libertarian, you just can't initiate force or coercion. Voluntary interaction. And of a society ends up being socialist through voluntary interaction then so be it. Also the left libertarians get it wrong. ALL libertarian is left. Always has been if you use the definitions from the 1700s. Socialism was originally the socialization of power to the consumer and the worker which was free market. Libertarian socialism is the socialization of power through non-aggression. One cannot use today's definition of socialism in libertarian socialism because its an oxymoron. Conglomerating power into a central authority through force is 100% opposite of libertarian.

[@daveBit15]

@@luxinvictus9018 OMG, you don't want to be associated with ancaps, what a tragedy! How to keep living without another idiot that can't conceive a society with rules that are not set and/or enforced by the State?

[@BraunBuxe]

@@luxinvictus9018 if you think personal responsibility through there is no state. Laws will always exist as they are a function of human action (there were always certain rules to abide by even during the hunter gatherer days of humanity. Written laws have existed without states, see the bible). Watch Hoppes private law society lecture for more info. And people that think there should be no laws are egoists and they are not ancaps.

[@TimvanHelsdingen]

I love how you're introducing a bigger audience to austrian economics. It has great ideas but unfortunately not widely understood by the mainstream.

[@Membwayne]

Worse, it is often intentionally "Kathy Newmaned" into a tortured caricature of its true self.

[@lordmo3416]

Please someone should dumb down "Discussing the idea that private property is theft..." Portion

[@lordmo3416]

@@psychcowboy1 that's very gracious of you, thanks. The timestamp is 1:08:30

[@jimcaldwell2354]

@@psychcowboy1 Keynes was wrong.

[@jimcaldwell2354]

@@psychcowboy1 Keynes was wrong.

[@rekindlefitness]

Dreams do come true! Jordan Peterson talking about Austrian Economics! My two favorite things come together. Despite all that's happening, this demonstrates that the world is moving in a good direction.

[@jamesosborne2305]

The Molecule FX boulder Maybe if you payed attention

[@jasonk8775]

????

[@parends67]

I'm listening to Jordan Peterson discuss the Austrian business cycle. The simulation is officially real. And the good guys win.

[@Hibernial]

Yea. This is a sign of a huge turn in the tides, culturally. The sense of anticipating the first few big waves to sweep over the cultural horizon isn’t a wrong impression here.

[@richyrich3285]

I agree 100%. Kind of got shivers when I saw this episode pop up. Austrian economics is the one piece of the puzzle Jordan hasn't really dug deeply into. He didn't even realize, maybe until now, how much his way of thinking lines up with the Austrian school of thought. Definitely a win for the good guys.

[@parends67]

@@Hibernial Let's hope.

[@Si_Mondo]

"The simulation is officially real." Soooo, it's not a simulation then.

[@philcooper9225]

@@richyrich3285 most people, deep down, are accidentally Christian Libertarians without realizing it

[@CilbraxGaming]

When I saw this my jaw dropped. Peterson is awesome for having people on like this. He's the man!

[@TheCruxy]

I pinched myself a few times

[@curtisvalle5141]

Way cool how he validates then hones his arguments by distilling expert testimony.

[@cruisemizzle9260]

Hearing JBP talking about von Mises and the Austrian School gives me goosebumps! Great!!!

[@pinnedm7044]

*Thanks for the feedback~~~I have something I'll love to introduce to you feel free to chat me immediately for more Enlightenment.

[@pinnedm7044]

📤𝟹𝟶𝟻𝟹𝟹𝟺𝟺𝟽𝟼𝟽

[@jedediahjenk]

In California and much of the USA we have this very big problem, where even if you bought outright your own house and property or land, the government can take it from or kick you off of your own property. I know many people who were made homeless because they couldn’t get the permits for their own property. I myself bought a mobile home but wasn’t allowed to put it anywhere because it was older, and was having to live in my car. You can no longer do what you want with your own house or property or land, even if it doesn’t hurt anyone else. A lot of people are homeless now because they can’t afford the high rent costs and it’s illegal to live in their mobile or RVs. It artificially increased rent prices through excessive regulation and with it, extreme homeless crisis. I wish there was more discussion on this so that people wouldn’t be homeless even if they paid for land or a mobile home or RV just because of state regulations.

[@hippoplatypus]

This is like a crash course in economics. I've probably learnt more in these two and a half hours than I would have in an entire semester, and it's free!

[@bisiriyutajudeen5728]

Facts. Without discovering bitcoin, i would've never discovered austrian economics. Once one understands human action and the consequences associated with them, you won't see the world the same again.

[@GregMoress]

Best I took away from a course in Economics was Laffer's curve. He studied tax rates and people's willingness to work and found if you raise taxes too high then people stop working (or go off the books), but if you leave them too low, the government doesn't get as much as it possibly can. (Kind of a shitty objective, but anyway, they write the laws) So he made a graph and on the curve the ideal tax rate for the government is about 30%. Those that depend upon taxes keep screaming to raise it though, since they don't do the actual work.

[@Si_Mondo]

@@GregMoress Laffer's problem was that he wasn't Ancapistani....

[@willpushback4874]

@@GregMoress Yeh, Bill Gates is such a hard worker.. Or maybe he's just a thief..

[@uverpro3598]

@@bisiriyutajudeen5728 Have you ever had a job?

[@ManuelBTC21]

Holy moly. This progression of topics and guests makes me very hopeful.

[@thomasfells7557]

I think JP is trying to build a new educational institution with his podcast and Thinkspot. He can't teach any more so he's sort of lecturing and conversing with fellow professors whom he would perhaps hire if he were a dean.

[@SameBasicRiff]

Right? I was almost lost on JBP with no biblical lectures and a seeming distaste for "anarchy" or "decentralized security and freedom". But Bitcoin and an Austrian Economist are about the best dang pulls to get me back, lets go!!!!!!!!

[@tomwinterfishing9065]

The last 3 or 4 have been especially jolly.

[@bryanmatthews3797]

@@SameBasicRiff the biblical lecture series was amazing. More knowledge = more freedom (to me anyways)

[@Membwayne]

@@Abcdf2023 I think Bob was going to say malinvestment but must have decided against introducing a new term after two syllables. I wish Bob had been able to mention Murray Rothbard's criticism of Mises pragmatism but I guess that would have moved the conversation into the political realm when just explaining Austrian economics in 2:30 was an amazing feat in itself.

[@bernadettemcenteehart5481]

Would have liked to hear Robert speak to the end of his thoughts more consistently. I think that JP and all of us listening would have benefitted more this way.

[@sgt.squirtle2528]

@@Abcdf2023 "Mal-investment" "Mal-in" for short.

[@theyoungkulaks3381]

These men are two of my favorite people, ever. Wonderful episode.

[@jorden9821]

Love seeing you here

[@bengardener8928]

Study interest rates through Austrian economics.

[@DivinitySaid]

i remember working hospitality at the front desk... we always joked that our General Manager only read books under his desk all day. A few years later I became the GM, and I still get a laugh at how silly it was to think the 'suits' didn't earn their salaries. There was SO much to do.. Different things entirely that were important to keeping the business running smoothly. Anyway... something in this episode made me want to share.

[@khester7397]

Well said. I see, very often now, the argument that landlords are parasites who contribute nothing of value and merely exploit renters. There exists a willfull blindness to the value of the management of resources, material and human. Not to mention the risk of investment and the associated sacrifice and self-discipline exercised in order to build capital for investment. Im not a landlord, but i hope with hard work and frugality to become one.

[@ReynaSingh]

Ownership endows a sense of responsibility. Without individual property, you rely on collective responsibility which unfortunately isn’t a compelling force. Very insightful discourse. Thanks JP

[@veryfitting]

Collective action is literally the reason for your rights

[@robbiewalsh6965]

How does ownership endow responsibility? Bp dumps oil into the Ocean, big pharma gets half the American public hooked on heroin, the drug war is run to propagate large scale prisons. All businesses are motivated by the acquisition of private property. Regulations endows responsibility because there are consequences.

[@johnekopy]

@@veryfitting What do you mean by that?

[@veryfitting]

@@johnekopy without the collective action against the British crown, the America we know today probably wouldn't have existed. The constitution is a collective statement that the individuals within the collective of America are free with reasoning and further statements as to why.

[@johnekopy]

@@veryfitting Fair enough and I think I agree with your statement, but (playing a bit of devil's advocate), couldn't someone also make the argument that if it wasn't for each man (or woman) doing their individual part and choosing to fight, that the collective wouldn't exist. I'm still working all this out and trying to understand each viewpoint, so bear with me.

[@JM-co6rf]

So amazing to hear Austrian Economics getting popular! Jordan, you are a true delight.

[@atexaslibertarian8008]

Great talk! You guys covered 1) marginal value theory, 2) socialist calculation problem, 3) interest as time preference, and 4) Austrian Business Cycle Theory. I think Bob might have missed an opportunity to discuss Mises' Regression Theorem of Money when the subject of Bitcoin was highlighted, but overall Bob did a great job being a spokesman for the Austrian School of Economics.

[@joaogarcia6170]

Looking at your profile picture i wonder how much time it will take for JBP have a paleo-libertarian on the show, imagine Hoppe talking to Peterson hahaha

[@tylermulder8005]

This episode is over 2 hours long and has only been out for 5 minutes. Someone gave it a thumbs down without listening. Whoever you are, you are the one who really needs to listen.

[@beluga2841]

Maybe you just dislike so you could write the comment. You postmodernism neo Nazi sunshine

[@bitcoinbelle]

Interesting. There are no thumbs down but a few thumbs-up now. I love Bob and have known him for years so broke protocol and face an up before listening myself. 😉

[@connorgreenwell5731]

People can be quite tribal, and some have no problem going out of their way to try to cast aspersions at those they disagree with or are offended by. Some people, once they decide they like or hate someone, they go out of their way to demonstrate that.

[@timmyboy2001]

I agree, but it applies to thumbs up as well, doesn't it?

[@connorgreenwell5731]

@@timmyboy2001 Some thumbs up when they like the person, others when they like the points made. So, yes, it can be that way, I think.

[@OhCrapItsJimmy]

I love this Dr. Robert Murphy guy. He was able to field some really tough questions. It's comforting to know that there's a diplomatic explanation of reality at any level of logic/debate.

[@reilysmith5187]

If you want more you can go through the backlog of Contra Krugman episodes, but if that's too focused on economics for you you can always check out Murphy's own podcast in which he also discusses political events and philosophy besides economics.

[@Rid3thetig3r]

@@psychcowboy1 No. So please, o wise one, let us gather at YOUR feet so we can scratch some crumbs of knowledge from your bountiful intellect. Dolt.

[@bryanmatthews3797]

@@psychcowboy1 the more you troll the more obvious it is you feel threatened by ideas that will prove you wrong.

[@bryanmatthews3797]

@@psychcowboy1 It depends I see you on all the comment replies so I would like to ask you what ideas you disagree with? To get a better understanding about your viewpoint.

[@bryanmatthews3797]

@@psychcowboy1 Their vocabulary usage is intelligent. You have to be more precise. What arguments do you have to offer as a rebutle to what they provided here?

[@DeeFrancisPadamadan]

I did not know what to expect with this JP interview with Dr Murphy. It has surprised me by being one of the most informative interviews I have had the pleasure of listening to, ever!

[@riblets1968]

My face lit up when I saw this suggestion. I had the pleasure of meeting Bob Murphy (he was Bob then) 20 years ago at the Mises institute while he was still a doctoral student at NYU. I found him to be friendly and brilliant. I haven't seen him since but it was wonderful to see him blossom, so to speak, both intellectually and professionally. This was a real pleasure to watch. Thank you for publishing this!

[@WestCoastRothbardian]

We're slowly watching Dr. Peterson become a Rothbardian. I love it!

[@soapbxprod]

HUZZAH!

[@TheCruxy]

A Petersonian-Rothbardian so to speak

[@BradTrapp]

@@TheCruxy Peterbardian?

[@jbell0243]

Yikes

[@renaissancestatesman]

@@BradTrapp Petardian? May be too iffy lest someone give the P a leg and make it into an R.

[@TrentJordan7]

Austrian economics puts the philosophy of classical liberalism into action and makes it understood in application. Love Mises. Great to see it mentioned on JP.

[@Si_Mondo]

@@psychcowboy1 Yes. They generally do....

[@plastifiedmetal5682]

@@psychcowboy1 why even click on his video if you have no intention of watching it?

[@plastifiedmetal5682]

@@psychcowboy1 cant answer my question?

[@plastifiedmetal5682]

@@psychcowboy1 the "wealthy" as you claim, for the most part, werent wealthy in their early days. In fact, 70%+ of millionnaires are self made. So your whole premise is flawed. Being wealthy isnt natural. Unless you are a part of the minority who inherited their wealth, you had to work to get rich. Plus, your "response" doesnt even cover the quote you put. Go learn a thing or two about capitalism before you vomit your anti-wealth fabricated lies. Cheer.

[@plastifiedmetal5682]

@@psychcowboy1 i just did. Facts. 70% of millionnaires are self made. That means Greed is already being taken care of. Most fortunes are gone within 3 generations. Greed dries them up, and the money they spent goes back into circulation. This is called fact. If you are greedy and want to be rich, you HAVE to make your money available. Unless you pillage, there is no other way. To make the money available, you lend it to an entrepreneur, home buyer, invest into someone, create jobs yourself... There are no rich people that keep their money under their mattress,wich would be the problem of greed. As long as the money circulate, everybody profits off it. As they say, someone has the build the lamborghinis.

[@jedicouncilelonmusk]

I am so glad you still here for all of us old and young ..you have a spirit which drives the emotion in your language that connects to the marrow in the bones. you make it understandable. ..thanks

[@ahobimo732]

This is the first time I've heard the idea that we calculate value "on the margin". I think it's incredibly insightful.

[@YeahButCanISniffUrPantsFist]

same. that was eye opening

[@lordmo3416]

Please can someone tell me what they are saying in ordinary-people-speak?

[@lordmo3416]

@@psychcowboy1 right. Thanks... But the comment made by this guy, Mark O, stating "we calculate value 'on the margin'". What does it mean?

[@lordmo3416]

@@psychcowboy1 I see. alright, I have a question for you. Should land be a commodity to be bought and sold?

[@Chipwhitley274]

@@psychcowboy1, You are delusional if you believe these concepts are common knowledge... or that everyone has figured it all out... because the public certainly doesn't seem to know enough about it to raise objections to the politicians that push policy contrary to what promptes healthy economic relationships... politicians who may or may not be sufficiently educated on the subject themselves. I see your comments throughout this thread... and you like to talk big... but I'm calling your bluff. Dispense with the character attacks, and articulate some cases of where and how the Austrian economic school of thought fails.

[@vee1900]

This conversation is like Christmas in August!

[@Hibernial]

It’s settled. Christmas is in August now. Also in whatever month Bob Murphy gets invited on big podcasts.

[@danmannz]

So true!

[@stefanplusplus917]

Damn, I mised Christmas

[@JalesNaves]

Incredible. I would never have expected Professor Peterson to be talking to Bob Murphy.

[@LarsAndersenFrihed]

I was very surprised and pleased also!

[@LarsAndersenFrihed]

@@psychcowboy1 no. They ARE both way above average smart.

[@Individual_Lives_Matter]

@@psychcowboy1 You must be the “real” smart guy.

[@JalesNaves]

@@LarsAndersenFrihed It would be amazing if Professor Peterson went further down this road. His prominence would spark a lot of interest into austrian economics.

[@JalesNaves]

@@psychcowboy1 what a fascinating creature you are. You made a video dissing him 2 years ago and yet here you are, perusing the comment section on a video of his.

[@mondrian5620]

Mr Jordan Peterson. I thank you and appreciate you for your insight and knowledge. Ever since listening to your videos and podcasts, I’ve been challenging myself to be a better man for myself and for those around me. You have a great and positive effect for people like me. I am more grateful to you than you’ll ever know.

[@JonathanBuma]

I am unable to express in words how grateful I am that this conversation took place and that I was able to entertain.

[@rgriffis68]

This is epic. Bob Murphy is the poster child for "low key" epic. Mild mannered dude, with super human knowledge of economics.

[@RabbitConfirmed]

I'd kill to see JP talk with Hans Hermann Hoppe! Edit: SO TO SPEAK!

[@Badinboarder87]

I always crack up that two of the most famous anarchists in modern times are Bob Murphy and Tom Woods. Two very calm and sweet balding older men that you could never imagine are such "radicals"

[@rnbpl]

mild mannered? you clearly haven't seen him in his Wolverine outfit

[@STLYRZA]

It’s not only the superhuman knowledge that makes him great. It’s also his impressive ability to articulate it well

[@truenorthaffirmations7049]

The hidden truths are the most valuable || WE GREAT MEN

[@houseofjhtx2293]

The circle JP is surrounding himself with for these podcasts are the seeds of a cultural renaissance. Imagine them coming together to form the new decentralized institutions that teach future generations individual liberty, science, technology, sound money, good architecture, permaculture, high art etc Drowned out under all the noise of the herded radical left and right is a sleeping giant and this is what it's manifesting.

[@aqhatthespy5458]

True freedome created by very true humans... Maybe we are living through the prequel of that future Story?

[@Bl4ckDoT_]

Cult

[@SynapticTransmission]

That's the only hope I have for my children.

[@fgh6526]

cringe

[@GrimrDirge]

Yeah, it's a real shame that the'll all be shipped off to the gulag, or shot, when the Neo-Marxians take over with their shitty ideas.

[@ManOfManyAccents90]

That was an absolutely amazing conversation. I had a basic understanding of economics and how things work in the market, but hearing it explained on that level of detail was extraordinary.

[@twy0109]

I'm reading your book Beyond Order, I've read up to chapter two now, and I'm thrilled, got goosebumps at chapter two. Your writing is amazing

[@petermaquine8173]

Book to read: Socialism - An economic and sociological analysis by Ludwig Von Mises. First German edition 1922 - English 1932. The modernity of his thinking is mind-boggling. You want to be slapped in your face to wake up, read that book. The chapter "Destructionism" is just ...

[@larsvbundli1740]

Thank you for the tip. :)

[@persona-non-grata]

This. Mises essentially predicted the economic collapse of the Soviet Union *decades* before it happened, because centrally planned economies are inherently unsustainable since they cannot calculate rapidly changing and diverse consumer demand. Put simply -- they didn't have a functioning price system. Without a functioning price system, you cannot accurately judge consumer demand. If you cannot accurately judge consumer demand, then you tend to under-produce things people need *and* over-produce things people don't need. It was not a coincidence that Soviet grocery stores were virtually empty, but at the same time they had entire warehouses, silos, and hangars full of military goods. To Mises, this was the inevitable end of any centrally planned economy. They don't last; and only through sheer force of violence and coercion can they last as long as they do.

[@caralho5237]

@@persona-non-grata centrally planned economies differ very little from traditional slavery

[@onegorgeouschick]

@@persona-non-grata thank you

[@JoiskiMe]

Noted!

[@yofed2]

first there was malice and anarchism, then sound money and the bitcoiners, and now austrian economics and bob murphy. this is an important path you are pursuing, dr peterson. keep digging, this rabbit hole is deep. 👍✌

[@sadhu7191]

what do u think will be next?

[@daveBit15]

@@sadhu7191 Tom Woods?

[@4comment0nly76]

first was Genesis and Jung. Peterson is going full circle.

[@drewsimon9652]

Yea, I love Malice and JBP. But I don't think they were at their best in that interview (despite it being fantastic!). They might have gotten off on the wrong foot- I really hope we get another interview now that the introductions are out of the way.

[@daveBit15]

@@Abcdf2023 I think he's about to say "because of the malinvestment," but then changes course and explains it with different words.

[@craig16576]

Fantastic podcast - easy to understand, extremely pertinent topics and sound logical explanations. We need more of these types of podcasts Dr Peterson!

[@peterciurea7771]

JBP has had some interesting discussions, but so far, this one has triggered more insights for me than all the rest. Awesome job JBP!!

[@flacjacket]

You should read Hans Herman Hoppe, he lays out probably the most thorough defense of the notion that human rights are necessarily a derivative of property rights ever put to paper in The Economics and Ethics of Private Property.

[@laurasalo6160]

Thanks for the suggestion!

[@Caleb983]

I am not an anarchist, I am a statist. I believe there is a role for government to play in society. Namely, force people to read Hoppe.

[@shinsyotta]

I am endorsing the Hoppe suggestion, so to speak.

[@renaissancestatesman]

Don't scare the plebes with anarchism!

[@joaogarcia6170]

I'm currently reading it but in my experience it requires a little background on both mises AND Kant. Now, maybe I'm not literate enough in english to understand it however i had that experience of having to read both of them at least a little.

[@Mas0o0n]

I have had an affinity for libertarianism and the Austrian school of economics for about ten years, and I got into Peterson's work about 5 years ago. I am very happy to find that these two realms of interests in my life are interacting.

[@vee1900]

Amen!

[@Korodarn]

Me too.

[@tomwinterfishing9065]

I quite agree.

[@JeanRausis]

You're not very perceptive. 😅 No offense.

[@SameBasicRiff]

Gotta echo the "not very perceptive" comment, oddly, since you perceptibly found great things. It's been obvious imo that Austrian Econ and particularly Freedom is missing from Peterson's analysis. I stopped following him for that reason, but this is a coming to knowledge that the perceptive could see coming from miles away, imo.

[@Fuego958]

Exceptional short course on Austrian economics. Peterson does a phenomenal job of relating the Austrian school to many issues from "systemic racism" to interest rates.

[@danesmith9006]

Acknowledging the risk of sounding dramatic- You have been a huge inspiration to me, and your courage in standing by your principles in spite of the attacks on your character has made you one of my Heroes. I hope you get to resume some type of tours one day, I would love to shake your hand. Additionally, I’m glad to see that your health seems to have improved.

[@FloydMayweatherSr.]

I can't wait until Tom Woods gets on this podcast. Michael Malice, now Bob Murphy, what a treat!

[@bizzzzzzle]

Why take on FM Sr persona?

[@2367J]

Check out Stephan Kinsella on intellectual property

[@FloydMayweatherSr.]

@@bizzzzzzle why assume I'm just a persona

[@SameBasicRiff]

Having Tom on to discuss his "How the Church built Western Civilisation" series would be beyond unreal.

[@suijuris1750]

Jeff Deist would be good too. But Woods would be stellar...

[@Stabu]

Despite knowing pretty much everything Bob was going to say in advance, he always articulates it so well and with such precision that I'm blown away by it. Simply brilliant.

[@dualfluidreactor]

Well he handled this stuff basically his whole adult working life. He is probably the best economist alive. He is a real treasure!

[@colonialfiend]

Bob is great. He navigated this discussion professionally, allowed Jordan to digest his talking points and interjected to keep focus on the teachings of Mises. Well done.

[@cfroh]

It's great seeing Peterson making Murphy's mind work to come up with an explanation. This truly is fantastic to see Jordan pressing Bob to help the audience get some learning out of this.

[@saisudhamshpotru8128]

I hope to see more discussions of the first principles of economics. It is incredibly valuable.

[@Dabu-Dabu]

I love the variety of the subjects addressed in those podcasts. It continually amazes me, how one person can make so much sense :D Salute from Poland 🇵🇱🦞

[@Illlium]

I can totally relate dude, this was probably the best spent 2,5 hours this year.

[@BobWidlefish]

Wow, Bob Murphy is a great guest!

[@LarsAndersenFrihed]

Agreed!

[@jasonknyc]

Amazing to finally see these two get together for a chat. So much more they could discuss next time.

[@ChitranjanBaghiofficial]

Thank you so much for giving Austrian economics some limelight, it is heavily needed in the current economic environment. People really need to know economics subject so that they can see the things the way they are.

[@Hibernial]

This is a wonderful follow up in having another conversation with an anarchist after the episode with interviewing Michael Malice.

[@brokenone22]

Bob is the best. He will make people rethink there preconceived notions of what an anarchist is

[@Hibernial]

@@brokenone22 It was a chore albeit understandable to go through comments on his Malice interview that voiced impressions of anarchists being synonymous with Antifa. And here’s Bob Murphy. Hopefully thoughts if not minds will change.

[@gabrielsyme4180]

JBP has many analogies to Hayek in my opinion. Hayek actually started out learning psychology before he went into economics. Hayek’s father and brother were evolutionary biologists, which also had an effect on his thinking. In the end, I see both Hayek and JBP building a model of naturally evolving emergent orders grounded in human psychology.

[@wiskybiskits]

certainly, especially in his book the sensory order

[@BraunBuxe]

Read Mises "Human Action" for more enlightment.

[@gabrielsyme4180]

@@wiskybiskits Definitely. Would definitely recommend JBP reading that. Didn’t want to drag everyone too far into the weeds until they asked to be though 😉

[@BobWidlefish]

That’s all true. What I love about Mises is how he isolates they study of economics from psychology. There’s no denying that psychology is critical in the choices we make. Though it’s also true that there is a lot to know about how to manage scarcity (in abstract) that has nothing at all to do with psychology and is just fundamental to the nature of human action as such.

[@noahlibra]

@@BraunBuxe lol human action is incredibly overrated

[@Rob337_aka_CancelProof]

I would love to see you have a conversation with Thomas Sowell something along the lines of the current state of society and possible ideas on fixing the downward spiral for lack of a better word

[@djblackprincecdn]

This was one of your best discussions ever. So much good information to consider.

[@Jerkasaur]

I would give my left leg to see a two and half to three hour discussion between Peterson and Sowell

[@lostinspace699]

Milton Freeman .. Check him out ,,,,

[@Jerkasaur]

@@lostinspace699 I think you mean Friedman, whom I am very aware of.

[@lostinspace699]

@@Jerkasaur yes

[@Jerkasaur]

@@psychcowboy1 did you watch the podcast?

[@juliemunoz2762]

@@psychcowboy1 communism’s is detrimental to your health.

[@laurasalo6160]

Sincere critique -- Jordan, you have to let people finish their thought before you jump in with a segway to a long thought. Sometimes you're letting you're mind get carried away and being unfair to your guest. I know your thoughts must go a million miles a minute (and I've got you on double-speed!) but you HAVE TO be more attentive to the conversation and let the guest's responses breathe for a second. You cut this guy of many times and we lost his answer to the question along the way. You have to listen more carefully and allow your guest room to complete his response. Much respect! ♡

[@Dev-zr8si]

I agree. This is the only thing about Jordan that I find annoying.

[@chrisc1257]

@@Dev-zr8si He's still on some "medications."

[@paulrath7764]

I do not agree. Peterson always lets his guests finish an idea and Peterson's interjections are always relevant.

[@laurasalo6160]

@@paulrath7764 no, he doesn't ALWAYS let guests get their full thoughts out. And certainly not in this specific interview. I'm not saying this to be mean -- he's only human. He's usually pretty good about it (and I would never claim his interjections are irrelevant), i just notice that sometimes he gets a little excited... Like when he asks his guest to expand on a point and then, for example, should a word (than the audience may not be familiar with) come up, he jumps in again to get a definition, but he then forgets to allow the guest to circle back to finish up the answer he began before Jordan interrupted. Honestly, Peterson is just a much faster thinker and speaker than most people. I think some guests are good about making sure they are able to finish their thought, but others are likely a little intimidated (or get lost in all the tangents, perhaps) and we sometimes dont get back to the original question. I just think he's got do much swirling in his head that he just digs and digs and digs and sometimes loses track of where it began. He is havng these conversations for himself, to learn, as he's often stated, so maybe its an unfair critique in that sense, but I do think he could (maybe should) work at keeping the conversation clear for the audience who is not in his head with him (so to speak), and who want to follow along. Ive heard him say, and I think we can all agree, that it is important to be present and to be intently, intentionally listening, not just waiting for the other person to finally shut up so you can jump in again. We all do that lol. I really admire and respect Dr Peterson, and this is just a sincere, well-intentioned criticism meant to alert him to something very minor, but that I think noone has brought up to him (recently, at least). Cheers! 🦞

[@laurasalo6160]

@@chrisc1257 that's fair to bring up, for sure. And I absolutely don't mean my comments to be rude, or uncivil or anything like that. It's just a gentle critique. And you're right, he's still got a lot going on. I've got total sympathy for that. I just really believe that if someone mentioned it, he would watch himself and if he agreed, he'd be like, "Oh shit, you know what, you might be right. I just get excited and have so many questions lol But yeah, I hear ya. I'll keep an eye out for that in the future." Totally cool 😎 as always. Cheers!

[@matthewjones9638]

If you're reading all the comments I appreciate you Bob Murphy. You are perhaps the best teacher of all time 🤙

[@carolaenglein1020]

This interview has an astonishing scope. It is very unwinding to me to watch something plainly logical as this.

[@patakisatori4861]

Peterson taking the Austrian pill makes Peterson arguments moving forward damn close to invincible.

[@dualfluidreactor]

Exactly!

[@sneakthieve]

You may be correct

[@solitudessilentgroove]

Ron Paul introduced me to Austrian economics back in 2008. It was my first redpill, and the knowledge I gained has helped me navigate truth in politics, history and psychology. Cool to see Dr Peterson learning this stuff.

[@liberty1981]

Same here man 🙋‍♂️

[@whotf9312]

So I’ve been listening to Jordan Peterson for quite a while now and well had been developing confidence issues of taking a leap asking people to do shit and having the confidence to progress in life and so I started to properly listen and heed his advice and now bang I do shit I wanna do no more subservient slinking to the back of the group I actually start involving my self in stuff I started going out more I started interacting with people more and more confidently whilst I still struggle with small talk and opening new conversations to more deeper and meaningful discussion I think I’ve made great progress just by listening to him heeding his advice lying attention and enjoying life and no more complaining at everything or seeing everything as something negative but in a mroe half full way Thank you Jordan Peterson I know it doesn’t seem like a big deal but for me it’s huge

[@TreDogOfficial]

I just started listening to Bob Murphy’s podcast and it’s great. If you like Tom Woods then Bob Murphy is the podcast for you

[@rehoboth_farm]

I've always found that those who consider property to be theft are those who have none but desperately wish for yours to be liberated from you and 'redistributed' in a way in which they believe to be fair. Therefore, as soon as someone says that property is theft I conclude that I'm dealing with a thief or a coward who desires the state act on their behalf as a thief. What really perplexes me is how these same people can look at you with a straight face and claim some sort of moral high ground.

[@natethegr8230]

Cognitive dissonance is a powerful force.

[@curtisvalle5141]

There are interesting subtleties around voting and property ownership. Damn the torpedoes, lol.

[@rehoboth_farm]

@@curtisvalle5141 personally I'm against forced collectivism from a philosophical standpoint. What voting does is give me a tiny voice about issues that others find important. I am very seldom given a chance to say, "No." I am given a choice about candidates who will all fund services which I did not request and will never use with money which will be collected from me by force. You know, greater good.

[@JJYacco]

Watching JP work through some of these things out loud was utterly brilliant.

[@Illlium]

Honestly half the time I was thinking he understands Bob's theory better than the author.

[@Illlium]

@@psychcowboy1 Did you in your entire life?

[@Illlium]

@@psychcowboy1 About as intelligent as Newtonian physics is intelligent, meaning not to you.

[@Illlium]

@@psychcowboy1 Should've written your own economic theory then, I'm not their spokesperson, go talk shit to them.

[@Illlium]

@@psychcowboy1 You want a timestamp for a zinger? Go watch a comedy skit.

[@Joel-es6tv]

So happy to see these two talking to each other!

[@twy0109]

Today, I watched your KZbin and I bought your new book. I will read every day for 1hour after getting up. Thanks for great books Pray for your family's healthy and happy

[@RabbitConfirmed]

Hey Mr. Peterson. If you may consider talking to "Hans Hermann Hoppe". He might be the worlds most influential living Austrian economist. He has a way of explaining things extremely detailed. This would be my dream podcast/interview ever!

[@claudiuslangenbeck8514]

That would be awesome!

[@rekindlefitness]

That would be amazing. Great suggestion!

[@305Independent]

Jordan and Hoppe having a conversation would probably be my favorite piece of media in human existence

[@RabbitConfirmed]

@@305Independent same! :)

[@joaogarcia6170]

Hoppe really is a giant of a thinker, and i think a society of private voluntary security and justice fits Peterson better than the hobbesian enforced state which he mostly agrees with because he's more of a conservative.

[@chbrules]

Mises Institute FTW! Bob Murphy is amazing! Thank you for having him on your show, Dr. Peterson. Might I suggest you talk with Jeff Deist, president of the Mises institute, on the concepts of liberty and individualism.

[@EFCasual]

He was on fire the other day, suggesting that lessons should be learned from the Afghans.

[@indigo0086]

This is a great example of how people should learn, pretty much every class should just be a conversation to arrive at a conclusion based on critical thinking. The fact that JP came to similar conclusions from his prior understanding to austrian economics is great to see in real time.

[@tomburroughes9834]

Really pleased that "Austrian" ideas on economics get to a wide audience via JP's channel. Excellent discussion.

[@calebgodard4554]

This was great. I'd love to see Thomas Sowell on the podcast next!

[@Sincerely_MrX]

omg the universe would explode

[@adamhenrikson4549]

Oh yes this must happen

[@anthonyhale61]

@@Sincerely_MrX was about to post that my head would explode lol.

[@jotakami]

Me too! Halfway through this conversation I had the overwhelming urge to speak to my computer, as if I was talking to Jordan, to tell him that he needs to put Sowell's "Knowledge and Decisions" at the top of his reading list.

[@calebgodard4554]

@@jotakami That's a good one! I think it's one of his less well known books but it's incredible

[@BradTrapp]

Holy Moses, the Murphy on here?!? Amazing!

[@kaox44]

I'm just upset that I found Jordan Peterson so late in my life. Beside Christopher Hitchens & Douglas Murray...Jordan Peterson is one of the greatest mind of our time. I'm at awe at Jordan's intellectual around human nature...and the facts of life. GOOD God I'M SO UPSET AT MYSELF! Thank you! NEW SUB!

[@dualfluidreactor]

Omg i'm so exited for this Podcast! This is a meeting of the minds! Austrian economics is inherently psychological, so from this connection true new understandings can arise!

[@baska-]

*If property is theft, then you don't own your own body, the State does.* *Taxation is theft.*

[@yeager6882]

That's really dumb

[@yeager6882]

@@baska- I wasn't making an argument. I was making an evaluation. An accurate one.

[@crowstakingoff]

BaSkA Self-defense is violence. Violence is bad, so we must abolish self-defense. "Taxation is theft" is easily one of the most tired, clownishly ignorant cliches a person can have his ears exposed to.

[@baska-]

@@crowstakingoff Your "arguments" are not even clichés, they're laughable to say the least. Funny how this "clownishly ignorant cliché" makes you so upset to the point of embarrassing yourself online, it's quite amusing. Violence isn't bad, aggression is. Your premise is false, your argument is thin and if you try to avoid paying taxes, similarly to trying to resist a robbery, you'll be a victim of aggression. If you don't like self-defense, that's your prerogative, but please don't try to impose that cuckhold mentality onto others. You can try defend it, you can try to justify it, but you can't refute the simple fact that if I steal something from you for a "the greater good" and assault you if you try to resist, it is always going to be theft. "Ideas and only ideas can light the darkness". I hope you live a happy life, cheers

[@crowstakingoff]

@@baska- I'm obviously making a point with the violence analogy, one that unfortunately but unsurprisingly went over your head. When you condemn taxes by calling them theft, that is no different from condemning surgery because it causes injury. The "aggression bad" idea is a false universal for people with simple minds and simple ideas. With regard to embarrassment: you are the one who is commenting with a Murray Rothbard avatar, mindlessly quote spamming other people, and fulfilling your existence as a living stereotype. The only one who has embarrassed themselves here is you, and since I actually know a thing or two about social interaction I have no strong desire to prove this to you. That wisdom comes with age and experience, if you're lucky.

[@morningstarx5340]

Respect to Dr. Peterson for bringing in one of the best Austrian economists alive at the moment. Bob isn't just a solid econ guy but he's also a really good dude. Probably couldn't have chosen a better person to represent Mises. Wish there were a little Rothbard in there as well but its all good.

[@morningstarx5340]

Read Chaos Theory and get back to me.

[@bartcop2742]

This was a really fascinating conversation. Thanks for posting it Dr Peterson.

[@theexplorer_31]

Informative and useful arguments that we all need to think about to find the purpose of our lives. Thus, we don't delve into an uncertainty and a lost place.

[@buckwheaton129]

Austrian Economics is primarily about behavior and choices far more than it is about money. Money is but one of the metrics that proceed from individual and collective behavior.

[@wiskybiskits]

well for economic analysis, the method of course is a uniform application that remains consistent regardless of time and location, and we see the emergence of money come out of cooperation and interaction of individuals

[@nobodysfool2232]

As a student of both economics and Jordan Peterson, I enjoyed this podcast more than most. Certainly not on the quantitative end, but his philosophical knowledge and psychological intuition provide great understanding at the most fundamental levels of economics.

[@ce0rl]

yeah ur not gunna see much maths and positivism done by austrians. austrians recognise economics as a social science in which praxeological deduction is used rather than forms of positivism

[@regularjoe8925]

Such a great interview. I love learning about economics.

[@r.davidyoung7242]

Thank you for this conversation & your YT channel. ❤️

[@TehRasia]

It's really cool to see how JBP's approach which focuses bit more on the psychological side of human economic behaviour and the Austrian approach which analyses humans purely through their actions converge to a high degree in their conclusions

[@BobWidlefish]

Austrians also study action as such - the study of action itself in abstract: Praxeology. I consider that to be their primary epistemological contribution to the study of the management of scarcity.

[@haydonhockey]

Always love hearing from Bob Murphy. I hope Peterson continues to have more Austrians on.

[@teriyakikitten]

I'd listened through this as part of my effort to listen through Jordan's older uploads to catch up on any gems that were around before I found his stuff. Long story short: 1: 37 year old 2: sole proprietor of retail/repair business 3: diagnosis of once was called Asperger's syndrome 4: extreme level of skill in all of my "interests", including most employable positions of my business 5: Business is failing in an extreme way, it occurs to me I was never cut out to manage. 6: Despite skills that typically brought me $20 to $25 an hour in my career, I've spent the last 2 years hemorrhaging my savings (I estimate US 50k to 70k), and pay myself a "living" wage between $2 and $5 dollars an hour the past few years. I had just pulled through the McDonald's drive thru and it occurred to me that one big issue with the desire for minimum wage increase might be the stigma of the position and envy of the imagined life of others. I "mask" my condition by appearing extremely down to earth and caring and it typically seems to make people in even the "lowest" walks of life smile as if I'm understanding of their plight. Despite driving a vehicle that looks like it just left the pick-a-part junk yard down the road, I've often felt fast food employees perceive me as somehow having a better life than them. I'm familiar with how human judgemental looks appear. Human body language, feelings, and expressions certainly aren't the easiest thing for me to see naturally, but I feel like I've experienced enough negative judgemental looks in life to recognize them. I suspect that many minimum wage employees may just have a skew view of how poorly they're living. I'm reasonably ok losing everything, I suppose it's my anxiety medicine, and likely some form of shutdown related to the ways my brain malfunctions. I was actually homeless a while as a teenager, maybe that tilts my view of actual rock bottom too. I don't really know. Anyways, I suspect that humans enjoy assuming that they're working harder in some morally superior way than the other humans around them. My best friend once told me something wise that I think is helpful: "Don't trust anyone who comes into your store and immediately starts with a sob story. Normal people don't do that, and it's attempting to prey on your good will. Never trust anyone that tells you how bad you have it and points to someone else to blame or claims that they're able to fix it, they're just shitty salesmen." It's very crude, and I suspect he's some type of psychopath just from the way he lives, but his words seem to fit most things I've seen. I feel like in the US people have spent a great deal of time listening to people in the media telling them how bad they have it and have been too willing to believe it. It reminds me of men trying to steal another man's girlfriend, but on a much larger scale. Thanks for what you do here. I've slowed down a great deal on my suicide notes, and I feel like I'm going to survive whatever life brings me. You've helped me to identify many of my own strengths and weaknesses, and through tidbits of what I've learned here I've been working to help my peers and have seen great improvements in their lives. Applying knowledge I've gleaned from you I've witnessed my fiance go from an alcoholic, single-mother, peaking as a waitress to a college educated, career woman, 6 months sober, and devoting her spare time to helping those in need. I've heard Autism mentioned in some of your talks. I'd love to hear more about it if you ever find an expert in it that you'd like to interview. I'd like to be able to improve myself as well as I've seen your work improve others. I have a great deal of difficulty helping myself. I tend to segue into doing something technical to the most extreme quality instead of doing even minor, less visual, self improvement tasks. Either way, thanks for what you do hear. It calms my mind much like the technical tasks I enjoy so much

[@ainecarney424]

Dr. Peterson, I have so enjoyed listening to the multitude of your lectures and podcasts. You are very and very truly and inspirational character of our times. I cannot deny that you are a tried and true deeply well read intellectual force of these past two centuries. The theme that keeps arising in my viewings of your oratories is simply this. I truly love how you challenge the left especially the extreme left and what you delve into as postmodernism. I think the way you disappoint me is that you react so violently diametrically opposed. So for example your arguments as compelling as they are and as triumphantly are backed by literature from the past. Why can't you find a middle ground between postmodernism or neo-Marxism as you say and the far right . You haven't convinced me that you're not a puppet for the far right or perhaps you haven't fleshed out your thoughts and ideal ideologies enough to know that perhaps there's a place from them somewhere in between the two polarities. Just a thought just saying lol and by the way I think you're fine as hell and if you weren't married to that lovely lady oh my God would love to spend the afternoon in bed with you Just saying have a nice evening 🤗

[@buckwheaton129]

Austrian economics has a very surprising and wonderful relationship with what Jordan Peterson teaches. The intersectionality will be on multiple levels and be tangible, as compared to the vapid and unsustainable intersectionality of woke theory.

[@stigcc]

The extreme individualism is a common factor for both. I think they are both missing a dimension. The Austrian ant would be slacking off, but he isn’t.

[@Illlium]

I might be the only person to think this, but what I got from this video is that the more Jordan Peterson learns about economy the farther towards pristine Marxist theory he leans. Purely materialistically, just so we're clear, woke stuff is a complete misappropriation of thinking used in that theory.

[@Illlium]

@@psychcowboy1 Say what you will about the Austrian school, they know how to break down the system into exploitable bits.

[@Illlium]

@@psychcowboy1 That depends, Austrian school didn't pop into existence last spring.

[@Illlium]

@@psychcowboy1 You know what's not insightful to me? Calculus. Does that mean Isaac Newton was a basic bitch?

[@CritterCrew1]

I've been waiting for this for MONTHS. WOOOOOOOOOOOOOOOO I'm a little excited about this.

[@bitcoinbelle]

Did you catch Bob's podcast from early Covid and is about the supply chain and the effects the lockdown would have. It's great!

[@CritterCrew1]

@@bitcoinbelle No I didn't. But I'm sure it was great.

[@elusariosinnombre2058]

Doc Murphy is Great! One of the best Austrians you can talk to right now!

[@sirellyn]

I'm so unbelievably happy for this interview

[@robpetry84]

Anatomy of the state by Murray Rothbard should be high school reading.

[@Slosher452]

It would be beneficial to the students, but detrimental to the government. The government isn't interested in doing what's best for students

[@chrishart8548]

Government want most productivity out of people wile giving them the least expensive food. And don't want free thinking people or people getting ill.

[@mr.jamster8414]

It *should*, but show it to your kids yourself, won't be shown at a school lmao

[@adelsasumi]

If you think that any book "should" be high-school reading then you didn't understand "Anatomy of the state"...

[@robertromero8692]

@@adelsasumi I don't think it violates libertarian principles to say "should". "Mandatory", on the other hand, wouldn't be good.

[@joev.8543]

Jordan, it really seems as if your best guests and best podcasts are those where you are attempting to flesh out certain concepts and where those particular guests have some expertise in the related areas. This is a great discussion, and a productive one. I always know it's a good meaty session when it's 2.5hrs. It means there was a proper balance in exchange and no shortage of material.

[@orcvsivstitia7608]

Doctor Thomas Sewell exposed this for me years ago. The minimum wage + the Welfare State (Dr Peterson pick up the heaviest thing. Not on the dole you don't) + The War On Drugs absolutely destroyed the American poor's ability to escape. It's left us, entertainment, sports and crime as the easiest ways of escape.

[@Mugeh]

This video has heavily enriched my own thoughts. Although I had already held these values I'd always stumble in my wording and even in my own thought process.