Rahim Taghizadegan: Money Is a Spontaneous Order Measuring the Cooperation of People

Rahim Taghizadegan is an economist, book author and principal of the Scholarium, an independent learning enterprise based in Vienna, Austria. He studied physics, sociology and economy and is an expert on the Austrian School of Economics. His recent book is called “The Zero Interest Trap”.

We discuss:

• Differences in tackling COVID-19 in Singapore and Austria
• How to be prepared for crisis
• Loss of trust in politics
• Privacy aspects of health data usage
• Social unrest and wealth inequality
• The Worgl experiment and regional cryptocurrencies
• Demurrage and velocity of money
• The correlation of Bitcoin to other financial assets
• Universal Basic Income
• Socio-economic consequences of the current crises

“According to the view of the Austrian School of Economics, money is a spontaneous order, which is really linked in bottom up cooperation of people. The only thing for sure is that today’s kind of rigged game with complex interventions doesn’t make sense as a kind of spontaneous order it doesn’t make sense that it really be measure for cooperation, voluntary cooperation between people.” – Rahim Taghizadegan