Senior Fellow of the Mises Institute and Associate Professor of Entrepreneurship Per Bylund joins me for this in-depth conversation on his book "How to Think About the Economy".Be sure to check out Swan Private, the trusted Bitcoin financial services provider for high-net-worth individuals and businesses worldwide: https://www.swanprivate.com/breedloveGUESTPer's Website: https://perbylund.comPer's Twitter: https://twitter.com/PerBylund"How To Think About The Economy": https://mises.org/library/how-think-about-economy-primerPODCASTPodcast 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/MLdpYXYITranscript:Outline00:00:00 “What is Money?” Intro Music00:00:08 “What is Money?” Intro Message00:00:54 Learn about Bitcoin with Swan Private at SwanPrivate.Com00:01:48 Do More with Your Digital Assets with Ledn00:02:33 "How To Think About the Economy"00:05:34 Human Interaction with the Economy00:12:03 Theory Interprets Observation00:17:15 Why is "Production" Core to the Economy?00:23:38 Supply and Demand00:28:22 Take Control of Your Healthcare with CrowdHealth00:29:25 A Bitcoin Wallet with Privacy Built-In: Wasabi Wallet00:30:00 Invest in the Fine Art Market with Masterworks00:30:35 Hold Bitcoin is the Most Secure Custody Model with Casa00:31:24 The Relationship between Consensual Exchange and Value Creation00:33:50 Observing Economic Science 00:40:58 The Flaws of Writing Current Monetary Policy Based-Off Future Predictions00:44:53 Is Money the "Blood" of the Economy?00:48:50 Value, Money, and Price00:55:00 Data Storage Within Price00:55:00 The Origins of Money01:03:57 Is "Fiat" Money?01:08:57 Specialized Production and Supply-Chains01:15:45 Human Action and the Economy01:24:09 The Study of Hidden Consequences01:27:18 Where to Find Per's Work01:28:09 "What is Money" Outro MusicSOCIALBreedlove 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 BUSINESSESSwan Private guides high-net-worth individuals and businesses in all areas of Bitcoin strategy: https://www.swanprivate.com/breedloveLedn lets you do more with your digital assets: https://www.ledn.io/CrowdHealth offers an innovative health insurance model based on Bitcoin and community: https://www.joincrowdhealth.com/breedloveWasabi Wallet is a Bitcoin wallet with privacy built-in by default: https://wasabiwallet.io/Masterworks let you access the fine art market at more affordable price points (use discount code BREEDLOVE): https://www.masterworks.comCasa is the most secure way to custody your Bitcoin (use discount code BREEDLOVE): https://keys.casa/Buy High Quality Bitcoin Apparel Here  (use discount code BREEDLOVE):https://thebitcoinclothingcompany.com/breedloveAutomatic Recurring Bitcoin Buys and Withdrawals: https://www.swanbitcoin.com/breedlove/Try Feel Free Tonics, a Great Alternative to Alcohol and Caffeine (use discount code BREEDLOVE): https://botanictonics.com