The DemystifySci Podcast

Economics Has Lost Touch with Reality (Part 1) - Steve Keen & Bob Murphy, DemystifySci #384

Today's episode opens with a quiet charge, Murphy & Keen circling the walls of money to see what’s solid and what’s only painted there. Our two very different economists argue over whether banks summon credit from nothing or simply pass along what was saved, each holding a different candle to the same dark machinery. As the conversation rolls, the familiar ghosts of failed forecasts and brittle theories drift about, reminding us how easily economics slips away from the world it tries to explain. By the end, it feels like a steady march through the uneasy heart of the financial system. Still human, still searching, still trying to make sense of the noise. Stay tuned for part two in the coming weeks... PATREON https://www.patreon.com/c/demystifysci PARADIGM DRIFT https://demystifysci.com/paradigm-drift-show HOMEBREW MUSIC - Check out our new album! Hard Copies (Vinyl): FREE SHIPPING https://demystifysci-shop.fourthwall.com/products/vinyl-lp-secretary-of-nature-everything-is-so-good-here Streaming: https://secretaryofnature.bandcamp.com/album/everything-is-so-good-here 00:00 Go! 00:07:00 Understanding Heterodox Economics 00:11:00 Austrian Economics vs. Neoclassical Approaches 00:15:00 The Concept of Equilibrium in Economics 00:19:00 Complexity Theory & Economic Modeling 00:20:12 Critique of Neoclassical Economics 00:22:43 Historical Context of Economic Predictions 00:25:03 Keynesian vs. Post-Keynesian Economics 00:30:12 Influence of Economists in Power Dynamics 00:36:40 Economic Models & Crisis Predictions 00:38:20 Economic Interests in Crises 00:39:56 The Religion of Economic Theories 00:44:49 Consequences of Economic Beliefs 00:50:10 The Oversight of Banks in Economic Models 00:54:32 Challenges of Economic Experimentation 00:56:13 Rival Schools of Economic Thought 00:57:00 Cycles in Economic Systems 01:00:01 Dynamics of Boom and Bust 01:02:15 Role of Interest Rates & Money Creation 01:05:32 Understanding Fractional Reserve Banking 01:11:28 Complexity of Banking & Reserves 01:15:03 Dynamics of Banking & Credit Management 01:17:50 Critique of Central Banking & the Role of Reserves 01:19:54 Reevaluating Economic Models & Banking 01:20:50 The Importance of Reserves in Financial Discussions #economics, #macroeconomics, #banking, #economiccrisis , #austrianeconomics , #keynesianeconomics , #complexitytheory, #financialmarkets , #economicpolicy, #monetarypolicy , #financialsystem, #physicspodcast #philosophypodcast MERCH: Rock some DemystifySci gear : https://demystifysci-shop.fourthwall.com/ AMAZON: Do your shopping through this link: https://amzn.to/3YyoT98 DONATE: https://bit.ly/3wkPqaD SUBSTACK: https://substack.com/@UCqV4_7i9h1_V7hY48eZZSLw@demystifysci RSS: https://anchor.fm/s/2be66934/podcast/rss MAILING LIST: https://bit.ly/3v3kz2S SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

Money Without Banks - Brandon Quittem, Demystifysci #383

In this episode of DemystifySci, we peer into the very separate roots of banking and blockchain finance to find what’s alive beneath the myth. Bitcoin guru and amateur mycologist, Brandon Quittem, joins us to trace the fall of old empires and the rise of a new code-born freedom. The conversation drifts between history and possibility, where gold becomes data and control slips through the fingers of the elite. What remains is a question: can money succeed without those who steer its value? PATREON https://www.patreon.com/c/demystifysci PARADIGM DRIFT https://demystifysci.com/paradigm-drift-show HOMEBREW MUSIC - Check out our new album! Hard Copies (Vinyl): FREE SHIPPING https://demystifysci-shop.fourthwall.com/products/vinyl-lp-secretary-of-nature-everything-is-so-good-here Streaming: https://secretaryofnature.bandcamp.com/album/everything-is-so-good-here 00:00 Go! 00:04:26 The Genesis of Bitcoin and the Cipherpunks 00:08:54 The Fear of Government Control and Digital Currency 00:10:41 The Failure of Early Digital Currency Attempts 00:17:54 The Collapse of the Gold Standard 00:19:56 The Nature of Trust in Currency 00:20:54 Discussion of Properties of Money 00:25:31 Critique of Modern Monetary Theory (MMT) 00:29:52 The Risks of Unchecked Debt 00:33:31 Introduction of Bitcoin as a Solution 00:39:00 Understanding Bitcoin's Structure and Security 00:41:58 The Origin of Bitcoin Ideas 00:46:49 Understanding Blockchain and Mining 00:53:06 The Mechanics of Block Creation 00:58:04 The Finite Nature of Bitcoin Mining 01:01:57 Miners' Revenue Streams 01:03:05 Genesis of Bitcoin Mining 01:05:00 Competition Among Miners 01:07:08 Future Perspectives on Bitcoin #bitcoinanalysis , #cryptocurrencies , #blockchaineducation ,#bitcoinmining , #cryptoanalysis , #cryptotradingforbegineers , #digitalcurrency , #moneymanagement , #fintech , #investingtips , #economics , #monetarypolicy , #decentralization , #satoshinakamoto , #physicspodcast #philosophypodcast MERCH: Rock some DemystifySci gear : https://demystifysci-shop.fourthwall.com/ AMAZON: Do your shopping through this link: https://amzn.to/3YyoT98 DONATE: https://bit.ly/3wkPqaD SUBSTACK: https://substack.com/@UCqV4_7i9h1_V7hY48eZZSLw@demystifysci RSS: https://anchor.fm/s/2be66934/podcast/rss MAILING LIST: https://bit.ly/3v3kz2S SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

Cosmology: The Good, Bad, & Ugly - Dr. C.S. Unnikrishnan, DemystiCon '25, DemystifySci #382

Dr. C.S. Unnikrishnan is a professor of physics at the TATA Institute of Fundamental Research, member of the India LIGO collaboration, and is a devoted skeptic of the standard story that we tell about the cosmological history of the universe. In this talk, presented at the 2025 Demysticon, Professor Unnikrishnan takes on the standard model in the best way he knows how - by walking through the conventional model, showing the places where it frays around the edges, and proposing the most promising approach for taking on this behemoth that seems permanently lodged in the popular consciousness. Filmed at DemystiCon 2025 in Portugal, with Dr. C.S. Unnikrishnan presenting. PATREON https://www.patreon.com/c/demystifysci PARADIGM DRIFT https://demystifysci.com/paradigm-drift-show OUR HOMEBREWED MUSIC Check out our band's new album: https://secretaryofnature.bandcamp.com/album/everything-is-so-good-here Vinyl pre-orders available now: https://buy.stripe.com/14A5kC3Od5d21Ms7zPdEs09 00:00 Go! #cosmology, #astrophysics, #bigbang, #einstein, #relativity, #gravity, #speedoflight, #cosmic, #spacetime, #paradigmshift, #experimentalphysics , #light, #research #philosophypodcast , #sciencepodcast, #longformpodcast ABOUS US: Anastasia completed her PhD studying bioelectricity at Columbia University. When not talking to brilliant people or making movies, she spends her time painting, reading, and guiding backcountry excursions. Shilo also did his PhD at Columbia studying the elastic properties of molecular water. When he's not in the film studio, he's exploring sound in music. They are both freelance professors at various universities. PATREON: get episodes early + join our weekly Patron Chat https://bit.ly/3lcAasB MERCH: Rock some DemystifySci gear : https://demystifysci.myspreadshop.com/all AMAZON: Do your shopping through this link: https://amzn.to/3YyoT98 DONATE: https://bit.ly/3wkPqaD SUBSTACK: https://substack.com/@UCqV4_7i9h1_V7hY48eZZSLw@demystifysci BLOG: http://DemystifySci.com/blog RSS: https://anchor.fm/s/2be66934/podcast/rss MAILING LIST: https://bit.ly/3v3kz2S SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

Why No One Understands Charge and Light (Part 1) - James Ellias, Inductica, DemystifySci #381

James Ellias is a mathematician, philosopher, and the host of the YouTube channel @Inductica where he explores new approaches to old problems in fundamental physics. Our conversation moves like a late-night reflection, looking for the quiet engine beneath light, charge, and everything that flickers through the invisible world of quantum physics. James questions the habits of modern thought, peeling things back to the core to ask what truly acts and what merely appears. Older ways of thinking surface, offering clarity where familiar models feel thin. Together, we gaze upon the machinery of existence and consider what might really be at work beneath the math. PATREON https://www.patreon.com/c/demystifysci PARADIGM DRIFT https://demystifysci.com/paradigm-drift-show HOMEBREW MUSIC - Check out our new album! Hard Copies (Vinyl): FREE SHIPPING https://demystifysci-shop.fourthwall.com/products/vinyl-lp-secretary-of-nature-everything-is-so-good-here Streaming: https://secretaryofnature.bandcamp.com/album/everything-is-so-good-here 00:00:00 Go! 00:02:34 Support and Engagement Opportunities 00:04:17 Fundamental Questions in Physics 00:05:49 Critique of Modern Physics Method 00:10:27 Importance of Philosophy in Physics 00:12:59 Inherited Physics Standards and Traditions 00:17:11 Re-evaluating Established Fundamentals 00:20:10 The Nature of Electricity and Charge 00:20:53 Exploring Electrons and Energy 00:22:56 The Importance of Identifying Entities 00:25:03 Concept of Aether and Action Historically 00:29:15 Reevaluating the Physics Method 00:32:41 Redefining Hypotheses and Conclusions 00:39:08 The Role of Bias in Physics Interpretation 00:41:10 Universalization of Radiation Laws in Stellar Physics 00:44:24 The Evolution of Thought in Physics 00:52:05 Communicating Complexity 00:59:27 The Psychology of Persuasion 01:00:51 Aether and Its Misconceptions 01:06:49 The Nature of Physical Understanding #quantummechanics #quantumtheory #quantumphysics, #cosmology, #theoreticalphysics, #astrophysics, #deepthinking, #causation, #curiosity, #thinking, #physicspodcast #philosophypodcast MERCH: Rock some DemystifySci gear : https://demystifysci-shop.fourthwall.com/ AMAZON: Do your shopping through this link: https://amzn.to/3YyoT98 DONATE: https://bit.ly/3wkPqaD SUBSTACK: https://substack.com/@UCqV4_7i9h1_V7hY48eZZSLw@demystifysci RSS: https://anchor.fm/s/2be66934/podcast/rss MAILING LIST: https://bit.ly/3v3kz2S SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671

What if the CMB Isn't Actually Cosmic? - Dr. Patrick Vanraes, DemystifySci #380

The universe hums a low, steady note...or so we were told. Dr. Patrick Vanraes, a plasma physicist from the University of Antwerp, joins us in that quiet static, where light and truth blur at the edges. We talk of cosmic beginnings, instrument design, of warmth beneath the skies, of radio echoes mistaken for the birth of everything. In that hum, between curiosity and doubt, the cosmos seems to ask who’s really paying attention. CORRECTION NOTE: Dr. Robitaille wishes it to be known that when he says "titanium" on our phone call he should have said "titanium dioxide." PATREON https://www.patreon.com/c/demystifysci PARADIGM DRIFT https://demystifysci.com/paradigm-drift-show HOMEBREW MUSIC - Check out our new album! Hard Copies (Vinyl): FREE SHIPPING https://demystifysci-shop.fourthwall.com/products/vinyl-lp-secretary-of-nature-everything-is-so-good-here Streaming: https://secretaryofnature.bandcamp.com/album/everything-is-so-good-here 00:00 Go! 00:03:51 What is the Cosmic Microwave Background Radiation 00:10:44 Historical Development of the Big Bang Theory 00:16:09 Conflicting Theories: Big Bang vs. Steady State Model 00:17:33 The Redshift-Distance Relationship and Its Explanations 00:21:12 Current Challenges in Understanding Light Behavior 00:25:45 Reevaluating the Big Bang Theory Pillars 00:27:50 The Discovery of Cosmic Microwave Background Radiation 00:31:56 Temperature and Black Body Radiation 00:37:46 Implications for Gaseous Bodies and the Standard Model 00:46:16 Big Bang Theory and Plasma Dynamics 00:50:46 Cosmic Microwave Background Discovery 00:54:15 Pierre Marie Robitaille's Theories 00:58:40 Intersection of MRI and Astrophysics 01:06:02 The Nature of Black Body Radiation 01:09:45 Discussion on Emissivity and Lattice Structures 01:16:44 Exploring CMB Radiation 01:28:07 Water's Role in Radiation Theories 01:31:36 Discussion on Water Sources for Cosmic Measurements 01:32:57 Historical Context of Cosmic Background Measurements 01:35:53 Focus on Anisotropy Maps 01:37:39 Philosophical Confusion in Cosmology 01:39:31 Intentions and Measurement Biases 01:45:18 Measuring Temperature Differences in Space 01:51:14 Evolution of Cosmic Measurement Techniques 01:52:51 Cyanogen Measurements and Cosmic Microwave Background 01:58:03 Exploring the COBE Satellite's Measurements 02:02:36 Critique of Measurement Protocols in Cosmology 02:06:45 Summation of Arguments #astrophysics, #bigbang, #planck #cosmicbackgroundradiation , #astronomer , #fusion #quantumphysics #universefacts , #spaceexploration , #astronomy , #cosmos , #demystifysci #physicspodcast #philosophypodcast MERCH: Rock some DemystifySci gear : https://demystifysci-shop.fourthwall.com/ AMAZON: Do your shopping through this link: https://amzn.to/3YyoT98 DONATE: https://bit.ly/3wkPqaD SUBSTACK: https://substack.com/@UCqV4_7i9h1_V7hY48eZZSLw@demystifysci RSS: https://anchor.fm/s/2be66934/podcast/rss MAILING LIST: https://bit.ly/3v3kz2S SOCIAL: - Discord: https://discord.gg/MJzKT8CQub - Facebook: https://www.facebook.com/groups/DemystifySci - Instagram: https://www.instagram.com/DemystifySci/ - Twitter: https://twitter.com/DemystifySci MUSIC: -Shilo Delay: https://g.co/kgs/oty671