Latest / TFTC: A Bitcoin Podcast / #788: Rebuilding The High Trust Society with Johann Kurtz
Transcript
- 0:00You've had a dynamic where money has become freer than free.
- 0:10If you talk about a Fed just gone nuts, all the central banks going nuts.
- 0:16So it's all acting like safe haven.
- 0:18I believe that in a world where central bankers are tripping over themselves to devalue their
- 0:23currency, Bitcoin wins. In the world of fiat currencies, Bitcoin is the victor.
- 0:28I mean, that's part of the bull case for Bitcoin.
- 0:31If you're not paying attention, you probably should be.
- 0:36Johan Kurtz, welcome back to the show.
- 0:39Thank you, Matthew. It's great to be here.
- 0:41It's a pleasure to have you.
- 0:43I have to say, the first episode we did last December, the first conversation we had, was probably one of the most popular we've ever done.
- 0:50I had a ton of people reach out to me and I can see the analytics on the back of the site.
- 0:56The podcast page for that episode is still the most viewed page on the site on a daily basis.
- 1:02Really?
- 1:03Wow.
- 1:03Yeah.
- 1:03There you go.
- 1:04I didn't know.
- 1:06Well, I wish you hadn't told me that.
- 1:08There's all kinds of pressure now, but I'll try and say some outrageous things and I drive those views.
- 1:12It's not outrageous.
- 1:13I think people are thirsting for this type of conversation and the framing that you bring to these conversations.
- 1:21And I guess just jumping into it when we last spoke, conversation really centered around duty of older generations, how to preserve wealth, how to raise capable heirs, how to make sure those heirs stay rooted and build things that outlive you.
- 1:35Since then, you've been writing about very similar topics, but on the other side of things, writing about young adults.
- 1:43And how, even though they have higher measured incomes and cheaper televisions, they cannot afford the house, spouse, children, school, neighborhood, and trusts that make durable life.
- 1:53So I think just following up from our first conversation last year, sort of connecting these things with the other side and really diagnosing the problem of modernity when it comes to family formation and living a life of dignity, if you will.
- 2:11Yeah, I mean, that's right. All these pieces are interconnected. So what we discussed last time
- 2:17was a kind of entreatment to actually invest in your family multi-generationally to set your family
- 2:23up in such a way that it can steward wealth, assets, heirlooms across the generations,
- 2:29and that there is a right way to do that that sets them up for virtue and flourishing. And I think
- 2:36what we're here to discuss today, what you suggested we just discuss today leads into that,
- 2:40Because an inevitable question you face is, well, I, as the patriarch, generation one of this family and family wealth, really managed to build something, maybe from nothing, maybe from a difficult standpoint several decades ago.
- 2:56And now I want to put my children in the same position to do it. And I'm looking around and I'm seeing these statistics that suggest there is no reason they shouldn't do exactly what I did in that it does appear that, you know, real wages have increased.
- 3:11So if they were to go and work a job, they would theoretically be earning more than I did at their age. And unemployment, at least among millennials, less so for Gen Z, is low. So there seems to be plenty of opportunity out there for them. So why would I not just let them? Why would I invest in them and not give my money away to causes I cared about? Do I not risk spoiling them on top of the extravagant opportunities that they should be pursuing?
- 3:36But I think as we've seen, the reality is not quite as rosy as a handful of headlines statistics suggest.
- 3:48And how do you see past the headline?
- 3:50What should we be looking for past the headlines that really prove that things are not as rosy as they're presented to be?
- 3:58Well, at some level, there has to be a measurement problem, right?
- 4:04You know, it's that Bezos quote about when the metrics and people's lived experience, their reported anecdotes clearly mismatch.
- 4:15Typically, it's that you're collecting the wrong metrics and that you're not revealing the underlying truth of the situation.
- 4:20And in our case, the kind of revealed preferences of where the actual behavior of Gen Z and the millennial generation does seem to indicate profound struggle, despite the fact that real incomes are up and unemployment is relatively low.
- 4:37Um, you know, I went looking in the piece that you discovered for subtle indicators of that,
- 4:44but the obvious undeniable indicators are declining homeownership,
- 4:49waiting until first age of homeownership until deep into their lives by some
- 4:54reliable metrics that has crossed 40 for some of those in the millennial cohort,
- 5:00which is very old historically by American standards to be buying your first home.
- 5:05Family formation the number of marriages the number of children even just the number of basic relationships being formed friendships and romantic relationships through the floor
- 5:18And a sort of variety of other indicators of basic human flourishing, mental health and so forth,
- 5:25that do indicate that something is seriously wrong. And at some point, you sort of have to
- 5:29step back from just saying again and again, well, inflation adjusted wages are up and start
- 5:35actually questioning your premises. Like, okay, what does that actually mean? How is that calculated?
- 5:40And how is that supposed to be playing through to the way that people live the lives that they
- 5:45desire? Because in some of these statistics, it's clearly not preference. People like the
- 5:50demographer Lyman Stone have shown there's a big gap between people's stated number of children
- 5:56they would like to have and the number of children that they are actually able to have. There's a
- 6:01large and growing divergence between the two. So I think it's more than just anecdotal.
- 6:09There are really important measures which are clashing in significant respects,
- 6:14and that deserves some kind of sophisticated analysis.
- 6:18Yeah, I think last year in the US, the median age of the home buyer was, it was higher than
- 6:26than 40. It was 56 last year in 2025. And I mean, I'm sitting in the first house I ever bought.
- 6:35I bought that. I bought this house earlier this year at the age of 35, which is my parents bought
- 6:41their first house when they were 21. So I'm already 14 years behind my parents' generation.
- 6:46And I feel very fortunate to be able to get in the house because I know others are struggling.
- 6:51And even when it pertains to the Verosy statistics, they're gained as well because I think the employment statistics were released here in the United States last week.
- 7:05And the one way they masquerade the health of the overall economy is by not counting certain individuals in the labor force participation rate.
- 7:17And so even though unemployment's relatively low compared to where it would be if you were to believe that we were in a crisis scenario, the participation rate in the U.S. is collapsing, particularly around young men.
- 7:31And that's what I think. I mean, I think we'll talk about the men of these generations and the women separately.
- 7:38But for the men, I think they're at a point where there are a lot of men are complete, particularly younger men are completely dejected.
- 7:46And they're looking out at the world and wondering, how am I ever going to actually build not only wealth, but just like a life worth living?
- 7:57Right. Right. And people dismiss those concerns. I mean, something you hear frequently is, well, if you look at the houses that first time buyers are now buying, they're larger than they were historically.
- 8:11And so these people must be spoiled because they're holding out these very large kind of mansions in the perfect suburb rather than doing what we did, which is by these tiny bungalow mid-century modern type constructions 50, 60 years ago.
- 8:27Unfortunately, that can't be true.
- 8:31So one of the things that is really squeezing young people in the situation that you describe is that rents unambiguously and by all measures have gone up significantly.
- 8:41Renting is very expensive.
- 8:43And so it doesn't make sense to say, well, these people deem it beneath them to buy a small house.
- 8:51So instead, they are subjecting themselves to extortionate rents and living in shoeboxes, which is the reality for most of these young people.
- 9:00it simply doesn't make any sense. And certainly amongst the people that I know in America and in
- 9:07England, it's not the lived reality. They want to be on the home ladder. They're really struggling
- 9:13to get there because of the confluence of what wages actually buy you. And perhaps we can sort
- 9:20of look at how the price of goods, various categories of goods has diverged to create
- 9:24situation where incomes might seem promising, but actually buy very little of substance.
- 9:31And then, for example, the property choices they're making where rents are crushingly high,
- 9:36there's nothing that they can afford to buy that makes sense for them to buy.
- 9:39And why that is, is an interesting question to pursue. And yeah. So again,
- 9:48if people could buy buying homes, they would be buying homes. That is a common dream of young
- 9:54people that is a historic element of having made it in the Western story, the American dream.
- 10:00It's a metric that people evaluate their own lives by. Again, it's not good enough to look
- 10:06at one particular metric and say, well, the size of these homes is growing. The price per square
- 10:11foot in some of these homes is falling. The complete picture reveals a generation who want
- 10:16to be home and simply can because of rents and other factors But you written about this idea of social capital and how high social capital families can do more cheaply and can do things more effectively than atomized families with the same income
- 10:33What is this idea of social capital? How does it work operationally? And how should one view this concept and applying it to their lives?
- 10:43So the original piece basically made two parallel tracks of an argument about why young people are poor despite every metric which suggests otherwise.
- 10:56One of those was the one that we've touched on so far, which is that even if you look at their purely financial wealth, their financial wealth does not buy them what many assume it would.
- 11:07And the reason for that is some goods have become radically less expensive over the last few decades, consumer electronics, screens, software, toys, travel, etc.
- 11:19However, these tend to be disposable goods, which are nice pleasures, but perhaps aren't very good for us and certainly aren't the underpinnings of a rich and productive adult life versus things which have become unambiguously more expensive over the last few decades.
- 11:33And these are health insurance, childcare, education, housing, these kinds of things
- 11:40that are certainly very important for family formation. So the financial capital piece is far
- 11:45more complex than commonly understood. What is basically not understood at all, at least in kind
- 11:52of popular, overly optimistic discourse. And this isn't a reason for blankpilling. Perhaps we can
- 11:59identify some solutions and cause for hope later on, but is this concept of social capital.
- 12:06How wealthy you are, what you can achieve in the world, how empowered you feel to achieve,
- 12:13to build the kind of life you want to have, which features the kinds of things that you
- 12:17want it to feature, is not just a function of financial wealth. It's not just about how much
- 12:22money is in your bank account or the theoretical value of the assets that you own and control.
- 12:27It is also about, for example, human capital is one that is frequently discussed. So this is your knowledge, your skills, your education, your professional standing, your health as well. These things combine to give you trajectories in life, which allow you to accrue greater goods, achieve greater things and so forth.
- 12:47Another one is social capital. And social capital is not the value that inheres in assets or the value that inheres in individuals. It is the value that inheres in relationships, in organizations, networks. And this is a really meaningful source of power, control, influence, ability to change the world, ability to move fiscally efficiently through the world as well.
- 13:16So typically when people talk about conditions of, you hear things like a high trust society
- 13:21versus a low trust society, that is one of the ways of describing a world that features rich
- 13:28social capital. In conditions of strong social capital, you will find things like
- 13:34a lot of volunteering, a lot of association forming, a lot of trust. When you have trust
- 13:41between different neighbors or business partners, it makes things radically less expensive because
- 13:47you don't have to bring in lawyers and contracts and due diligence and background checks and
- 13:52litigation and surveillance and security and all of these things that you do in a low trust setting.
- 13:58A low trust setting is one of a million paper cuts of friction, of checks, of validation,
- 14:05and one where you increasingly have to turn to private services and pay for private services.
- 14:11which previously would have emerged for free because of the strength of relationships.
- 14:17And so social capital, conditions of high social capital, where people trust each other,
- 14:26they understand each other, there are low barriers to coordination. In many ways, these are cheaper,
- 14:33fiscally cheaper. You will end up with more money in your bank account when you operate in a setting
- 14:38like that. And what has largely happened is that we have moved away from a society in basically
- 14:44every domain of contemporary life from conditions of relatively high trust. It's important not to
- 14:49idealize the past. And there are settings like 1970s New York where this wasn't true.
- 14:54So I'm not making a kind of kitsch return argument here, but it is definitely true that in most
- 15:00settings of American life, you can find substantially higher social capital 50, 60,
- 15:0870 years ago than you can now, which forces people to increasingly turn to private expensive services
- 15:13and to move through the essential elements of building capital in a more laborious and
- 15:20intelligent fashion, which basically slows them down and makes everything more expensive.
- 15:24And for anyone who wants to read the kind of masterwork of this journey I recommend Robert Putnam Bowling Alone which is a sort of survey of the intensity of American social engagement across every area of life from the 1950s onwards It a fascinating book I wouldn say I necessarily agree with all his conclusions but the history is very impressive
- 15:45No, this gets back to something else that we discussed last year.
- 15:50Just truly faith-based communities, too.
- 15:52You think about the church that we're involved in both here and then down the shore and just getting,
- 15:58having the ability to get together after mass and and and do things it's small little
- 16:04interactions like that that help you build that and build that trust and
- 16:08it's funny i um my oldest i he was it was last saturday he was
- 16:16asked i mentioned this game that i played as a kid to him and his cousin a couple weeks ago and
- 16:22saturday morning he woke up and he had a bug in his head and he was like i need to learn all about
- 16:27this game. The game's called Manhunt. I don't, there's probably something similar in Europe in
- 16:33terms of the game. You basically have two teams and you typically play in a neighborhood or a
- 16:38playground and one team's hiding and one team has to go capture them, bring them to jail.
- 16:42You can jailbreak them. And so I was explaining to it all morning as we're walking around our
- 16:46neighborhood and I was telling them that when I grew up, you had like boundaries in the neighborhood
- 16:50of where he could play.
- 16:53And then I texted a bunch of his friend's parents.
- 16:57He was like, hey, he really wants to play Manhunt.
- 16:59If you guys want to come over, we'll have dinner
- 17:01and the kids can play while we hang out.
- 17:04And so we did that.
- 17:05And I sent a tweet out just like from the hip
- 17:07Saturday afternoon explaining this
- 17:10and the amount of responses of people being like,
- 17:11oh, that was such a core childhood memory.
- 17:15I love that game.
- 17:17Was encouraging, but what was discouraging
- 17:19is the amount of responses that are like, kids can't play this in my neighborhood anymore.
- 17:23And it's like something that's almost immeasurable, but is core to what I think you're
- 17:28getting at with social capital is this ability of something as simple as children being able to play
- 17:33a game that we all played growing up without us having to worry about
- 17:37something because we live in a low trust society.
- 17:41That's right. And the common response you get when you make an observation like that,
- 17:45and by the way, what you're observing is factually completely accurate. For example,
- 17:49if you track the number of seven-year-olds who are trusted by their parents to walk to school
- 17:54alone, it just goes down year after year, and it has been going down for 50 years.
- 17:59People will often rebut, like, well, actually, if you look at security as measured by violent
- 18:05incidents in most American neighborhoods, those are not at a high point at the moment. And so the
- 18:10security situation is relatively benign. You're just being paranoid. There is no reason. You
- 18:14shouldn't allow children to do this. Again, this misses the subtlety of what life is actually like.
- 18:19You trust a child to go out into a neighborhood and to take risks because they'll be next to roads and who knows what they'll be doing and climbing trees or whatever.
- 18:30They can get hurt.
- 18:31You only trust them and you are only being a responsible adult if you have some conviction that there will be other well-raised children out there with them who will know what to do.
- 18:43And you understand the instincts, the teaching, the morality of those children.
- 18:48and you believe you live in a neighborhood where any other adults who might be present
- 18:53at the scene of an accident will behave responsibly. They will likely have children
- 18:58of their own. They will know how to deal with children. They will have the same moral instincts
- 19:02as you. And basically you trust them because you know what people are like in your neighborhood.
- 19:07We now live in a situation where that is not true. Most people do not have children
- 19:11in most neighborhoods. There are radical ideological and religious divergences
- 19:17in most neighborhoods compared to 60 years ago. And the integrity of the families that does exist,
- 19:25that do exist, is radically diminished. So one of the things I mentioned in the piece is,
- 19:30you'll often hear things like, well, we had state school, public school then,
- 19:37and state school and public school is still an option now. And it's like, well, let's look at
- 19:42who actually attended state or public schools 60 years ago? And the answer is 85% of those families,
- 19:4886%, were intact families. These were functioning married parents who had a stable relationship
- 19:54and who were raising their children in the context of a school. Now that number has dropped off a
- 19:59cliff. And so again, the kind of social integrity of the ecosystem that you are releasing your
- 20:04children into is full of unknown actors, unknown ideologies, unknown moral frameworks,
- 20:12And you know the kind of things that people will try and teach children now and feel that
- 20:17they have a right, even a moral obligation to teach other people's children.
- 20:21It's often frequently shocking and alien.
- 20:25And so it's very difficult.
- 20:26I completely sympathize.
- 20:27On the one hand, I don't, you know, I want my children to be as free as possible.
- 20:31And so I don't want to be paranoid.
- 20:34I want to have a realistic assessment of my neighborhood and how safe they are.
- 20:39I want to maximize their freedom because I think that's great for them. It develops agency
- 20:43and independence and social networks. It's fantastic to the extent that it's a sensible
- 20:48decision. But you have to do that.
- 20:50be a realist and you have to say, no, actually life has materially changed in subtle, but real ways.
- 20:56You know, I took a lot from, there's a sub stacker who's really good called Lane Scott,
- 21:01who's one of my favorite sub stackers. And she was my inspiration for sort of
- 21:06poking and prodding around that point. She's got some, she's Catholic and has some insane
- 21:10number of children. So she knows better than most the realities here. But yeah, it's highly
- 21:17regrettable. But basically, if more and more people are helicopter parenting at some level,
- 21:23you have to accept that they're probably rational actors and they're probably responding
- 21:27to logically to a situation that they find themselves in.
- 21:31What's up, freaks? This was brought to you by our good friends, the Bitcoin team at Block.
- 21:35Bitcoin at Block. Bitcoin was originally introduced as a peer-to-peer electronic cash system. We all
- 21:39know that. The idea wasn't just to buy and hold, it's to use Bitcoin in many different facets.
- 21:43holding is one facet, spending, receiving is another facet. I've been working towards this
- 21:47for 17 years and Block has put together a whole ecosystem of companies to really bring about the
- 21:52reality of Bitcoin as everyday money. So with Cash App, you can buy, spend, send, receive, earn,
- 21:57get paid in Bitcoin. When you're trading over $2,000, you're not going to pay any fees on that.
- 22:02So then there's Square, which is helping bring Bitcoin into real world commerce. Eligible
- 22:06businesses can accept Bitcoin payments over Lightning with settlement in seconds and 0%
- 22:09processing fees customers can pay with bitcoin or even dollars over lightning through cash app
- 22:14and help local businesses keep more of every sale it's making bitcoin payments feel as easy as
- 22:17tapping a card and when you're ready to hold bitcoin there's biki it's a bitcoin wallet built
- 22:21for real life no seed phrases to two is free multi-sig so no single points of failure uh it
- 22:26has recovery and inheritance uh processes and capabilities built in and the new big key device
- 22:31includes a screen so you can verify important actions directly on the device before approving
- 22:35them so you know exactly what you're authorizing so together cash app square and biki are helping
- 22:38and make Bitcoin easier to earn, save, spend, and secure. It's a simple idea. Bitcoin works when
- 22:42people can actually use it in the way that they want. That's Bitcoin at Block.
- 22:46So freaks, when you take Bitcoin seriously, you start with custody. You want to control your keys,
- 22:50avoid single points of failure, and make sure your savings cannot disappear because you or
- 22:54someone else screwed up. That is what Unchained has been focused on since 2016. Unchained is the
- 22:58leader in collaborative multi-sig custody and Bitcoin financial services that keep you in
- 23:01control. They secure over $12 billion in Bitcoin for more than 12,000 clients. That means about
- 23:06one out of every 200 Bitcoin sits inside an Unchained vault. Their model is simple. You hold
- 23:11two keys, they hold one key. It always takes two keys to move Bitcoin, meaning their single key
- 23:15can't access your Bitcoin on its own. Just resilient, shared custody that gives you
- 23:18institutional-grade security while keeping you sovereign. Unchained also lets you trade straight
- 23:22from your vault, access Bitcoin-backed commercial loans, open a Bitcoin IRA where you hold your own
- 23:26keys, and set up personal, business, trust, or retirement vaults. They even offer inheritance
- 23:30solutions built for long-term hodlers. Or opt for the highest-level private client service with
- 23:35Unchained signature and get a dedicated account manager, discounted trading fees, exclusive access
- 23:39to events and features, and much, much more. If you want a partner that helps you secure and grow
- 23:43your Bitcoin without giving up control, go to unchained.com and use the code TFTC10 at checkout
- 23:48to get 10% off your new Bitcoin multisig vault. That's TFTC10 at unchained.com.
- 23:54And it's an implicit, intuitive reaction. And that's why this is not a hard conversation to have,
- 24:01but it's such a hard topic to tackle because a lot of these things are imperceptible.
- 24:06And they're based off of intuition that isn't really articulated as well or as often as it should be,
- 24:15which is why I love your sub stack and the subjects that you focus on,
- 24:18because it gets into this almost imperceptible.
- 24:22I mean, it is perceptible in the sense that we can see it every day,
- 24:25but nobody can really put their finger on the pulse of exactly what the core of the problem is.
- 24:31And it's these social interrelational problems that have been built up over decades and are now exacerbated.
- 24:39That's right. Yeah, and that's right.
- 24:41And it becomes, you know, it's a pattern you see play out again and again, which is to steal a very corrupted term.
- 24:48It's one of gaslighting, which is like we know the lived experience of what it's actually like.
- 24:54and we get hit on the head again and again by the same relevant, but slightly misleading
- 24:59statistics that suggest that everything's, you know, everything's fine. What's the problem?
- 25:04But there are problems and we need to understand those if we're going to come to solutions.
- 25:09And it's imperative at like every level of existence that America, I know I have a
- 25:15despicable English accent, but America is near and dear to my heart. Half my family's American.
- 25:21I love your wonderful country very much. But the same is true of England, where I was born.
- 25:27It is imperative at every level of existence that we return to a pro-family culture. Everything from
- 25:34the deepest metaphysical fundamentals of ethics, all the way up to the most hard-nosed, realist
- 25:43analyses of geopolitics. We need more families, we need more kids, and we need those kids and
- 25:50families to be embedded in stable networks that lead to their flourishing.
- 25:53And because of very reductive policies that maximize on the most crass reflections of GDP and so forth we really undermining that right now So you know it time to delve into these nuances
- 26:10Well, I mean, you mentioned it earlier,
- 26:12what really helps build social capital,
- 26:14particularly in neighborhoods of trusted individuals, is intact families.
- 26:18And again, a lot of the economic indicators that people will point out
- 26:23and say we're doing well,
- 26:24many could argue are actually the core of the problem why we don't have intact families because
- 26:29you're chasing those kpis of gdp job growth women's participation in the job market particularly
- 26:37and it's having a corrosive effect on family formation because we're in a way inverting the
- 26:46historical millennia old relationship between men and women by creating this job competition
- 26:54between the sexes. Yeah. I mean, there's a brilliant book called Seeing Like a State.
- 26:58And essentially there's an entire trap you can fall into where you start off by
- 27:05identifying something as really important. And then you identify the best metric you can find
- 27:12to serve as a proxy for that underlying thing you think is important. And over time, you kind of
- 27:17drift and you forget that the metric, the proxy is not actually what you're optimizing for,
- 27:23that there is an underlying reality that you're trying to capture and maximize.
- 27:27And in the case of something like GDP or GDP per capita, what you think you're looking at is a
- 27:36reflection of activity, production, the construction of value and valuable
- 27:43assets, situations, comfort, wealth. In fact, what you're looking for is a narrow band within
- 27:53that spectrum. And if, in the case of a stay-at-home mother, they are doing all kinds of
- 28:01highly productive work that is generative, it's important, it creates wealth in a very real sense
- 28:07across all these domains of human capital, social capital, financial capital, and so forth.
- 28:14But it is not captured in that form because they are not in the labor force, they are not
- 28:19being paid in a tax way by a professionally registered employer, et cetera. And so that
- 28:28labor and that value does not show up in GDP. Nevertheless, its real effect is often far
- 28:34stronger than the equivalent. The joke I alluded to, the economics joke I alluded to in the pieces,
- 28:40if a man marries his cleaner, that's a slightly chauvinistic example. But if a man marries his
- 28:45cleaner, you end up with the same amount of work being done. It's very chauvinistic.
- 28:52But GDP goes up and so do taxes. Sorry, GDP and taxes go down, but the same amount of work is
- 29:00being done and everyone's happier because they're now in a stable relationship.
- 29:03And I think what we've seen is, in a lot of ways, we've moved from a highly efficient,
- 29:09untaxed, and largely unseen system of contributions to these social structures,
- 29:14whether it's individuals, the family, or larger structures, which subsume the family,
- 29:20moving into more explicit corporate structures, which boost the GDP, not just because now
- 29:27the mother has to go and work a job and a salary, which is taxed, but the family then has to employ
- 29:34third-party services, professional vendors, to take up a lot of the slack that has been created.
- 29:43The GDP seems to be going wonderfully well, but that doesn't actually speak to the underlying
- 29:47efficiency or satisfaction of the situation.
- 29:50And in many cases, if you actually look at the numbers and you do a straightforward calculation
- 29:55about how much a woman needs to earn, especially if she's got two or more children who she
- 30:01wants to be well-educated, before it makes sense for her to stop being a stay-at-home
- 30:08mom and take a job, that number is really high because of all the subtle costs that accrue
- 30:13and the addition of taxes and everything else. You need to be earning pretty straightforwardly
- 30:22six figures before it even starts to make sense. And yeah, it's a huge shame. And one of the things
- 30:30that Putnam finds is when you pursue that arrangement, again, there are all these subtle
- 30:33negative externalities. So for example, women who have to enter into full-time work because
- 30:42of financial necessity. And in the early days of say the 1950s or 60s, before the so-called
- 30:48two income trap had arisen, which is now where we are, I'll explain in a second. Some women were
- 30:54voluntarily entering the workforce. So there was a real contrast between those who wanted to work,
- 30:59especially because they were high agency, they were very productive, they had lots of time on
- 31:02their hands they were high energy and women who entered the workforce by necessity who tended to be more sort of working class Now what has happened is as women began to enter the labor force and generate more income that income eventually became capitalized back into home prices
- 31:24And so now basically all families, unless they're pursuing very unusual arrangements to do with
- 31:29where they choose to live, who they choose to live among and their homeschooling situation,
- 31:33basically all families are now two income families by necessity. And Robert Putnam,
- 31:38in the study I mentioned earlier, in the book I mentioned earlier, identifies studies that say,
- 31:42for example, that a woman who works by financial necessity, her volunteering in any kind of local
- 31:47association falls by more than half, as well as they're entertaining as a family falls,
- 31:54their church attendance falls, et cetera. So it really places very real stresses on the household
- 32:00when these arrangements are pursued. Meanwhile, GDP goes up.
- 32:06All right, freaks, you know, I don't take sponsor money from products.
- 32:09I wouldn't use myself.
- 32:10So listen up.
- 32:10The AVEN Bitcoin Visa card is one of the most interesting things I've seen in the Bitcoin
- 32:14lending space in a long time.
- 32:15Here's the deal.
- 32:16You can get a line of credit up to a million dollars backed by your Bitcoin without selling
- 32:20a single sat.
- 32:21No games, no annual fees, no minimum draws.
- 32:24And your Bitcoin is custodied by Bitco, one of the most trusted names in digital asset
- 32:28security.
- 32:28AVEN never lends it out.
- 32:29There's no rehypothecation.
- 32:30You stay in control.
- 32:32You can lock in a fixed rate for up to 10 years.
- 32:3510 years, that's 10 times longer than most lenders out there. We'll go interest only for up to five
- 32:40years. Rates start at 8.99% APR. For a product that lets you keep your stack and still access
- 32:46liquidity, it's hard to beat. On top of this, that's what, you also get 2% unlimited cash back
- 32:51every time you use the card. Spend fiat, keep your Bitcoin, that's the whole game. If you've
- 32:55been stacking for years and need liquidity without triggering a taxable event, this is worth a
- 33:00serious look. Go to aven.com slash Bitcoin. That's A-V-E-N.com slash Bitcoin. Check it out.
- 33:08Freaks, look at me. I'm glowing. I've got like an angel's halo going around me. You know why that
- 33:13is? I feel good. I feel taken care of. I feel blessed, healthy, happy. And that is because I'm
- 33:17a CrowdHealth member. My family and I have been CrowdHealth members for five years now, literally
- 33:22this month. Five years ago, we joined CrowdHealth. We've had two babies. We've had multiple health
- 33:26events and we're never going back to health insurance. CrowdHealth is crowdfunded healthcare.
- 33:31So you sign up for CrowdHealth, you pay a monthly fee, you help out with other people's bills.
- 33:36And it's significantly cheaper than health insurance. We were on Cobra as a family of three
- 33:41when I left my last job before I went full-time to CFTC. Went on the CrowdHealth. Now as a family
- 33:47of five, we pay, I believe, $700 a month. It's significantly cheaper. They're going to negotiate
- 33:53GA price is lower for you. They've consistently negotiated healthcare prices as much as 50, 60,
- 33:5980% in many cases. They help out with babies. If you have a pregnancy, you pay the first $3,000
- 34:04and the crowd covers the rest. If you have a regular health event, you pay $500 and the crowd
- 34:10pays the rest. Go to joincrowdhealth.com. Sign up today. Use the code TFTC. Opt out of health
- 34:15insurance. I'm on insured baby and I love it. Use the code TFTC at joincrowdhealth.com. You'll get
- 34:20$99 a month for the first three months that you're on the crowd health platform in the community.
- 34:26Bitcoiners, you found sovereign money. Now find sovereign health and sovereign healthcare.
- 34:31I mean, we can get into all the social negative externalities. There's just like a couple. I mean,
- 34:38a couple that come to mind immediately is number one, the woman, if a woman's going to work and
- 34:43she's not with the children a lot, obviously the children are being raised and influenced by others.
- 34:49and there is some detachment, long-term detachment effects that happen
- 34:54and really demoralize the children from thinking that they should build a stronger family.
- 35:01The second, I'm sure you've heard of the term, but it's big here.
- 35:05In the United States, you have this sort of husband-wife wedge
- 35:09that gets driven with the concept of something like a work husband
- 35:11And you have like the woman's going to the workforce to spend most of her day with other men, which introduces some weird social dynamics as well that ultimately can erode the strength of the marriage at home.
- 35:31Yeah. I mean, getting into reactionary territory here, but it is an unusual arrangement whereby
- 35:39a woman leaves the home every day. So going back historically,
- 35:45the real trad arrangement from even going back to the 18th century was both the locus of economic
- 35:56activity for both husband and wife was the home. And so they wouldn't necessarily be working on the
- 36:02same things across the same hours, but blacksmiths, whole ranges of trades, professions were all
- 36:10conducted from the home. And there was typically some kind of agricultural components as well,
- 36:15and they would have different tasks and the home would be the locus of economic production.
- 36:19Then you have the rise of the industrial revolution men leave the home and the locus of economic activity becomes first the factory and then the office with the rise of white collar work in the 20th century And that sort of works
- 36:35in a fragile way. It allows for the kind of explosive social engagement of the 1950s,
- 36:42which is a very particular moment for a variety of reasons, the post-war period and so forth.
- 36:46But the situation that we're now in, whereby married women will leave the home, not spend
- 36:55much time with their children, not spend much time with their husbands, and have a very
- 37:01direct authority figure over them all day who is a different man to whom they're not
- 37:06related.
- 37:06I mean, I don't think you have to be that radical to be like, at the very least, that
- 37:10is a very historically unusual situation. And one can kind of see the pressures that that would put
- 37:18on a relationship. But at the same time, you might observe that the divorce, the integrity of the
- 37:25family is low. And yeah, I mean, that whole question of work wives, it's getting to something
- 37:34real. I know it's a bit of a meme, but there's something real there about how uncomfortable it is
- 37:39that instead of working as husband and wife all day, as we once were of, and this is not a kind
- 37:45of, you know, go back to, uh, 300 AD high Christendom, you know, 400 AD high Christendom,
- 37:52like, uh, uh, or whatever. This is not like, this is like for most of human history,
- 38:00husband and wife took work together in the home and they shared a bond of cooperation
- 38:05over really every aspect of their productive lives that led them into a very deep place.
- 38:12Yeah, the arrangements now are odd. I think it's fair to say that.
- 38:17Yeah. No, I feel very fortunate. I've been working from home since before it was popular
- 38:20because of COVID. That's great. I have my office. I can drive the boys to school. You go to the
- 38:26Catholic school around the corner. I can pick them up during the day. If I have a break, I can
- 38:31sit down and talk to my wife about things.
- 38:34I feel very fortunate.
- 38:37But then, I mean, dovetailing this into the whole concept of,
- 38:43as it pertains to women in status games and how they've changed as well,
- 38:47I think this is a very important segue to that, which is, I mean,
- 38:51not only do you have the concept of a work husband or work wife
- 38:57in the professional world, but you also have the,
- 39:00concept of the girl boss, right? Which is really inverted the, or not inverted, but changed the
- 39:08goal of status for women in modernity compared to what it used to be. And so really leaning into
- 39:14this idea of status as a goal and why like striving to be a girl boss is the wrong status
- 39:22symbol societally if you believe that strong families are the cornerstone of strong high
- 39:30trust societies versus what it used to be in terms of being a mother, a caring mother,
- 39:37and a family, a family woman. Yeah. I mean, again, it's a great subject to discuss with nuance
- 39:44because sort of much like the last thing we were discussing, which is women leaving the home to go
- 39:49work in the workplace, a realist analysis and nuanced analysis has to sort of permit that
- 39:55most of those women are doing it from economic necessity. Like it's not, it's not a kind of,
- 40:01it's, there are moralizing elements to it, but, but more deeply, like most women just have to work
- 40:07now. That's, that's the kind of economic reality. And, and I think the same is true. I think we
- 40:12should bring to bear the same kind of realism and nuance to this question of female status and the
- 40:19argument that I've made that status and changes in status mechanisms in society are existential
- 40:27for the birth rate and for the crisis of family formation. Specifically that
- 40:34social status is a human universal need. We're encouraged not to be sort of social strivers,
- 40:44I think for good reason. Pride is a sin. But more positively, status can be understood as
- 40:53does your community respect you? Do the people you see every day appreciate your contribution,
- 41:01what you're capable of, what you've achieved? Do they value your input? Do they call on you for
- 41:06advice? Do they take pride in introducing you to other people? Social status is a human universal.
- 41:12It is one of the fundaments of human behavior, how we sort ourselves, why we pursue goals,
- 41:18et cetera. It's not going away. You can have a healthy relationship or an unhealthy relationship
- 41:22to status, but society wouldn't function in its absence. And the way, you know, in the essay,
- 41:30that I think you're referring to, I quote, Will Storr,
- 41:33who's a writer who has a good book on status theory.
- 41:38And he, in the framework,
- 41:39key quotes, there are essentially three kinds of social status which are relevant. These are
- 41:45dominance games, moral games, and competence games, virtue games and competence games.
- 41:54And so in dominance games, someone is high status simply because they're powerful.
- 41:58In virtue games, someone is high status because everyone appreciates that they are a moral actor,
- 42:04that they have made sacrifices for the group, that they rise to meet moral expectations.
- 42:09in a forthright and they have honor. And in competence games, someone is appreciated for
- 42:15their skill, their brilliance or their genius. And in the world we used to inhabit, a woman
- 42:22could secure meaningful social status in ways that did not trade off with her ability to have
- 42:30children. So if you look at, basically, women's status was derived from their family and from
- 42:41their moral standing within the church. Now, you might have moral qualms with that. That's a huge
- 42:45subject of discussion. But it is true, for example, that king's wives, lord's wives,
- 42:54even very minor figures' wives were recognized due to their familial ties. So king and queen,
- 43:02lord and lady, et cetera. Now, the highest status people in our society,
- 43:07they get no titles, they get no recognition for merely being the spouse. And the reason is,
- 43:14is that after the Enlightenment, we moved into a kind of... To take a radically reductionist
- 43:22approach to 500 years of history, we moved into a meritocratic, scientific, quantifiable
- 43:29economic and social arrangement, which prioritized competence above all else.
- 43:38The merchant class came to dominate, and increasingly over the last 100 years in particular,
- 43:44very specific metrics, again, are indicators of success. So which university did you go to?
- 43:51which college did you go to, which firm do you work for, what's your title at that firm.
- 43:55And traditional sources of status like virtue games simply don't function anymore because
- 44:02virtue games, i.e. you're making sacrifices for the group according to the group's moral code,
- 44:08only really exist in functioning small, tight, thick communities that have a way to recognize
- 44:15group sacrifices and a way to reward them. Now we live in the kind of universal meritocracy
- 44:20where people who are high status are those who have achieved a lot. And this is kind of summed
- 44:27up in when you meet someone, the first question they will ask you if they're looking for a question
- 44:32to ask is, so what do you do? What job do you do? What company do you work for? What is your role?
- 44:39Tell me about yourself according to the one thing that matters most when I judge you in that initial
- 44:45moment of contact, which is how important are you? How high status are you? How deferentially
- 44:49do I need to treat you? How much should I ask you to do things or rely upon you?
- 44:54And women who do not engage very actively in the job market simply don't have a good answer
- 45:01to that question. It's very difficult for stay-at-home moms, as they're now known,
- 45:06to answer that question. What do you do? What do you say? I'm a mom. And it's like, well,
- 45:10everyone, you know, lots of women say they're a mom, but it's much juicier to be like,
- 45:15oh, I'm a vice president at Goldman Sachs or, you know, whatever. It's like, oh, okay,
- 45:20well now we're talking. That's a high status job. You know, I'm head of admissions at wherever.
- 45:25And so, yeah, we've moved into a world where it is very difficult for exceptional women,
- 45:34really brilliant women to achieve the social status that they could achieve, that maybe they
- 45:41rightfully deserve without making a full commitment into a meritocratic, zero-sum
- 45:53career-based game that conflicts very heavily with their ability to have children.
- 46:00And I think South Korea is the ultimate example of this, where you have very explicit social hierarchies that are attached to positions in particular high status companies, particular colleges, etc.
- 46:14I think that that way doom lies, unfortunately, because no one has kids.
- 46:19I mean, again, like women are the ones who suffer because they have to make hard tradeoffs.
- 46:24Like, do I want kids or do I want status in the eyes of the world?
- 46:26And I don't think it's surprising that we see the rise of the quote-unquote co-boss in that context.
- 46:34Yeah, it's funny.
- 46:36It one of those in American culture for people who again instinctively feel this it always like when you with a close group of friends and maybe you just went to a bigger party with some strangers that you introduced to One of the most common sidebar conversations you have with a guy friend it like i can believe he asked me what i did i don want to talk about like because that that that what do you do for a living is so
- 47:00ingrained in everyday small talk conversation here in the u.s i'm sure across the world
- 47:07and like what is a better first question to ask do you think like how can we slowly
- 47:12like incept in people's minds,
- 47:15like do not go to the party
- 47:16and ask this guy you just met
- 47:18what you just did
- 47:18or this woman you just met
- 47:19what she does for a living.
- 47:21And what is a better first
- 47:22opening question in your mind?
- 47:24What do you think about Vatican II?
- 47:30Get right to the heart of that.
- 47:33I have no idea what that is.
- 47:35Vatican City, the Pope?
- 47:37But then dismiss them immediately.
- 47:39Yeah, move on to the next person.
- 47:40No, it's really tough, right? It is really tough. I mean, but this sort of like,
- 47:49that obviously my answer there was flippant, but it is a problem if whatever the thing you
- 47:56actually value is, like I would work backwards, starting with a question, what do I want to reward?
- 48:05Like, what is it that I think should be a source of status for the person who I'm talking to?
- 48:10Um, and then you kind of need to be in a community, if not at a large level, at least at a small
- 48:18level, like your local group of friends who actually values that thing such that it makes
- 48:22sense to ask early on in a question.
- 48:25Um, because otherwise, you know, uh, you go, you go crazy never being able to ask about
- 48:30the things that you want to ask about and being met with, what are you talking about?
- 48:35You know, let's go back to my CV, please.
- 48:38I want to, let's connect on LinkedIn as soon as possible.
- 48:40Ah.
- 48:43It's so great in our culture.
- 48:47No, it's fine.
- 48:47I mean, as you were describing that,
- 48:50I'm thinking in my mind if I should break this up
- 48:54because I wonder who's going to hear it, but I don't care.
- 48:55It's like simply my wife's a stay-at-home mom
- 48:58and the boys are going back to school soon.
- 49:00And she received an email of a flyer of a cocktail party
- 49:04the week of school starting back up for working moms.
- 49:08and if you're not a working mom you're not allowed to attend
- 49:12but it's like
- 49:13not that you're not allowed to attend
- 49:17but it's explicitly for working moms to get together
- 49:20and talk about the struggles of balancing home life
- 49:22and work life
- 49:24and we just thought that was very funny
- 49:26that there's like an implicit exclusion of stay-at-home moms
- 49:31in the flyer itself
- 49:32I once worked for a company
- 49:37where my team was quite literally over 90% women
- 49:42and they had a girls' night.
- 49:44So it was just me and another guy kind of sitting there like,
- 49:48I guess we weren't invited to this one.
- 49:52But yeah, no, it's really tough.
- 49:54It is really tough.
- 49:57I mean, one sympathizes for both sides of that equation, right?
- 50:01Because the truth is that the struggles are real
- 50:03for working women who also want to have a family.
- 50:05I get it's, it's pretty brutal. You have to make hard trade-offs. And, um, I think those of us who
- 50:11can find a way to, uh, allow, um, their wives to focus on the million other things that are
- 50:22essential for family and social flourishing, it's a real privilege. I think we should be grateful,
- 50:27but yeah, I mean, that's, that's tough. Yeah. And I want to be clear. I'm not trying to
- 50:31shit on working moms or anything like that. And thank you. You're much more articulate than I am.
- 50:37It is incredibly nuanced conversation. And I'm trying to get at it because I believe
- 50:42that the path we're on is not great, particularly for younger generations. I come from a big Irish
- 50:49Catholic family, as I've told you before, and I find a lot of strength and stability
- 50:54in my nuclear and extended family. And I'm trying to replicate that with my children and
- 51:01their cousins. And I am not ashamed to say, I think it is the optimal way to live a life is to
- 51:11have that strong nuclear extended family, stronger communities outside of those family connections.
- 51:17And it's very clear that we're getting away from that. And to your point, it's a very nuanced
- 51:23conversation. I hope I'm not coming off as somebody who just thinks these people are despicable. It's
- 51:29not the case at all. It's like, how do we get to the core of this? And you wrote in that status
- 51:35game about the interesting case study out of Georgia, the country, where you had a celebrity-like
- 51:43figure being the bishop agree to baptize any third child that was born in the country. And that led to
- 51:53an immediate increase in fertility rates.
- 51:59But it ties that status gain that that bishop was highly respected in Georgia And so therefore people strove to attain the status of having their third child baptized by this bishop
- 52:12That's right. Yeah. Yeah. I'll butcher the details because it's been a few years since I
- 52:16read the study, but it is one of the more remarkable, if you look at the fertility
- 52:23graphs of Western countries and you identify sort of pivotal moments where the fertility
- 52:28trajectory of a country abruptly and significantly changed. It's one of the few, and certainly one of
- 52:34the few in a positive direction. And that was in Georgia, the country of Georgia, where the patriarch
- 52:40of the Georgian Orthodox Church, who I believe was called Ilya II, and unfortunately, sadly died
- 52:46earlier this year. So rest in peace. In an attempt to make a contribution to the country's
- 52:55fertility crisis offered to personally baptize and become godfather to, uh, was it all third
- 53:01children onwards? And what you saw was, uh, a, that nationwide spike in births, which was very
- 53:08significant, uh, was specifically in third children and onwards. So there was this, um,
- 53:18there was, it, it wasn't, it wasn't so much a religious phenomenon as in he was identifying
- 53:24a moral necessity of the church and people were listening to his teaching, it was a status
- 53:30phenomenon whereby they would get to meet and initiate into their own family an incredibly
- 53:36important and significant figure in Georgian public life. And these are significant figures.
- 53:42I've spent some time in Romania recently and the patriarchs, they love to dress in gold and build
- 53:50tremendously large churches.
- 53:52And honestly, I'm not complaining.
- 53:54It's very impressive some of the things they've built.
- 53:56But they're towering figures in the lives of these countries.
- 54:00Well, that gets the question, Derek.
- 54:02Do we have just terrible high-status figures in our society?
- 54:08And how much of the burden is on those high-status figures
- 54:13in popular culture?
- 54:15to how important are they in swaying these tides back towards family formation and strong communities?
- 54:24Well, I mean, on the one hand, we've got to work with what we've got.
- 54:28And I think what we do have is we've got a mass society with mass celebrities,
- 54:32and it would be great if they were living really pro-family lives.
- 54:37I think, you know, I mean, who cares what I think about Taylor Swift's wedding?
- 54:43But I do think it's a shame that she didn't do a big public spectacle, beautiful traditional wedding, which I think would have been very elegant, but also would have been very inspirational.
- 54:54You know, I don't know why she did what she did.
- 54:57I'm sure she had her reasons for it.
- 54:58But it would also be wonderful if if some of those women like Usha Vance is a fantastic, positive example, really lived in public and had large and flourishing families full of beaming young children.
- 55:11You know, mimetic effects are very real and people copy the fertility patterns of those they idolize.
- 55:18There's a lot of data on the subject.
- 55:21Unfortunately, I don't think this is a real solution.
- 55:24And that is because the place where you find really large families are places which have maintained an ability to play virtue games of status, i.e.
- 55:35They're small, thick, specialized communities, whereby when someone very obviously abides by the particular moral code of that community, they get respected and elevated for it.
- 55:50It's funny.
- 55:51It's like maybe it's a bit of an extreme example, but I definitely felt it myself.
- 55:55I've spent a lot of time recently since I published my first book in American Christian
- 56:04intentional communities, meeting people who start businesses and run them according to Christian
- 56:09principles and these kinds of things. And there's a real, like, there's a real switch
- 56:16kind of around the four child mark there. It's like, if you've got one child or two children,
- 56:21you're probably a bit of a normie, like we're not going to take you too seriously.
- 56:26If you've got three children, it's like, okay, now we're getting somewhere. But it's like,
- 56:30once you've got that fourth child, it's like, okay, now you are clearly outside the mainstream
- 56:35and you're playing our game according to our rules. Like you're actually, you're taking this
- 56:39seriously and I'm going to take you seriously as a result. And it's amongst these communities,
- 56:44you know, and I'm sure to a skeptic, this all sounds very handmaid's tale. It's really not.
- 56:52It's a crazy good time when everyone has big families and they're just crashing around the
- 56:58park. And, you know, you bring your kids to church and you don't need to worry that they're
- 57:02being a bit poorly behaved because there's like 500 kids in the church. Everyone's kids are poorly
- 57:08behaved because it chaos It like wonderful chaos you know but it like those are the communities that actually provide the moral firmament and support to overcome the tremendous sacrifices that having a large family entails Because having a lot of kids is difficult
- 57:25It's expensive. It's tough. It means sacrificing consumer comforts. It's scary for women. Pregnancy
- 57:31is frequently uncomfortable and sometimes dangerous. You have to find very particular, strong,
- 57:38felt ways to offset that. And the way that I think this is done effectively, as much as I wish...
- 57:45And I'm sure that will be, by the way, a baby bump when Taylor posts her first beautiful photo of a
- 57:52beaming three-month-old on Instagram or whatever. But the way that you actually overcome that is in
- 57:58a thick community where people are idolized and elevated for having big families and actually
- 58:05perpetuating a particular community and they're appreciated by the members of that community
- 58:09i wouldn't be shocked if you know the stat but you know the the largest growing population
- 58:14subset of the united states today oh uh so i would guess but i don't know it's hasidic jews but
- 58:28that's a guess the amish the amish okay that's yeah that's where i was gonna go second yeah
- 58:33the mennonites they're uh but it does like they they uh i'm sure the hasidic jewish
- 58:40i mean he's very similar but no the amish are like where i'm in pennsylvania so just west of
- 58:45me and spreading down into west virginia kentucky tennessee and even ohio they're they're growing
- 58:54like at insane rates and it's because obviously they value very large families yeah and they're
- 59:00And they're somewhat isolated from popular culture as well.
- 59:04Well, yeah, that's the, that's the thing. It's you kind of,
- 59:08all the communities that have seriously high fatality. And by the way,
- 59:13it's like, I tread carefully.
- 59:18I'm probably not doing a great job of it when having this discussion,
- 59:21because it's very easy to subconsciously flip from what I think is the right
- 59:26way to have this discussion, which is virtue is rewarded because we have set up society
- 59:34correctly to our own form of fixating on very particular reductive statistics and being
- 59:42like, we must move this number at all costs.
- 59:45And like that, you know, detail is personal and intimate and consequential is like how
- 59:50many kids you have should not be pushed around according to arbitrary metrics to the extent
- 59:54we can even do that.
- 59:55But yeah, yeah. I mean, it's, you know, but it's really complex because a lot of, you know, the traditional high fertility communities in the US were Orthodox Jewish, Amish, traditional Catholic and Mormon.
- 1:00:18and in uh i'm not sure about the jewish statistics amish is really high but slowly falling
- 1:00:27mormon has fallen significantly and then catholicism is is like pretty aggressively
- 1:00:33bifurcating between uh kind of normie catholics and and the rad trads uh and so
- 1:00:40it's it's but i do think like switching back to the kind of more instrumental mode for a second
- 1:00:47And it gives me great hope that a country as Christian as America still is, despite all its
- 1:00:58flaws, is holding up really well in terms of its population. It's a serious offset to the rise of
- 1:01:06China's hard power, the fact that we're having way more kids than them. And every decade that
- 1:01:12that goes on, the equation changes radically. And also for the sort of rebuilding of Christendom,
- 1:01:18America still is one of the most radically Christian countries in the world, certainly
- 1:01:21in pockets. And it's sort of, you know, by your fruits, you will know them. It's great to see.
- 1:01:28Well, to your point about not chasing metrics for metrics, it is a trend here. Now, there is a
- 1:01:35a growing number of zoomers particularly that are converting to catholicism and it has many i would
- 1:01:46hope most are doing it for earnest reason but you do see the status game uh arising in that in that
- 1:01:52particular subset of people converting to catholicism where it seems like for many people
- 1:01:58it's like the cool thing to do um but i think it is seeped uh at least the beginnings of it were
- 1:02:04seeped in legitimate reasons, mainly people beginning to hit the dating scene on the apps
- 1:02:14and realizing it was fruitless.
- 1:02:17And many people taking the advice of like, hey, go to church and try to meet a girl there
- 1:02:21seriously and doing it successfully.
- 1:02:24I think there has been, objectively, I think this Easter season.
- 1:02:29We had the most Kazakh conversions in decades across the United States,
- 1:02:34particularly in the Northeast.
- 1:02:36But you do begin to see that sort of status game emerging there as well.
- 1:02:40Yeah.
- 1:02:40Well, you know, let them have their fun as long as they're coming back.
- 1:02:44You know, I'd say who amongst us hasn't done a bit of Crusader LARPing
- 1:02:48at one point or another?
- 1:02:50Who amongst us?
- 1:02:51Yeah, yeah.
- 1:02:53And then, I mean, on the other side of the spectrum,
- 1:02:55maybe ended on this,
- 1:02:57you see the social decay
- 1:03:00I'm not sure if you've been following this Lindsay Clancy
- 1:03:02development and
- 1:03:04a sort of
- 1:03:05mass psychosis that is
- 1:03:11emerging on social media
- 1:03:13TikTok particularly of women
- 1:03:15who are defending her and
- 1:03:16now beginning to
- 1:03:19showcase
- 1:03:21the neglect of their children
- 1:03:22too and it's just very
- 1:03:23weird how
- 1:03:25of that's manifested over the last couple of months as well.
- 1:03:30Yeah. I mean, I'm not sure I have, I have particularly, uh, insightful things to say
- 1:03:35about that case. I mean, the, the only, the only thing that strikes me is like, again,
- 1:03:42the dynamics of mass society are so unhealthy because it's just like,
- 1:03:47I probably sound like a bit of a normie on this point, but it's, um,
- 1:03:50the
- 1:03:53it more than just that one case like a lot of crazy views uh uh the the kind of conspiracy you know I love a good conspiracy
- 1:04:07mostly I love an intelligent conspiracy and like very dumb conspiracy mindset is, is like
- 1:04:13just blowing up all over the place. And it's, in my opinion, it's a lot to do with the fact that,
- 1:04:19untrustworthy information sources are being mass consumed by people who are not embedded
- 1:04:28in thick networks of relationship with other real people who can guide them and sort of like take
- 1:04:37the reins. It's a pretty crazy situation where, and you know, men get caught up in this in their
- 1:04:42own way. But when, when, okay, please don't clip this. I don't want this to be a YouTube short or
- 1:04:50whatever, but, uh, but, uh, you know, when, when women spend a huge amount of time with unhinged
- 1:04:57information sources in their phones without any kind of reality check from their husbands. And I,
- 1:05:04I think it's something of a universal, generally speaking, that the realist party in these
- 1:05:16kind of discussions typically are the men.
- 1:05:19And women they do love a good true crime saga and the opportunity to have one play out of them in front of them in real time and they can actively participate and you know it like a call show or something it um yeah it not good so this combination of
- 1:05:35like mass society no natural human checks on bad instincts being called out and just like
- 1:05:42have a deepening psychosis uh is it's popping up in a lot of bad ways uh yeah yeah no i mean i i
- 1:05:51succumb to the doom scrolling actually and my wife my wife's very very cognizant and when she's
- 1:05:57falling down that's right not to say that she fell down the lindsey clancy thing uh at all but she i
- 1:06:02mean pulled us out she made us buy these these bricks so that we literally cannot be on social
- 1:06:07media for most of the day unless we're we're physically by these things but like intentionally
- 1:06:12trying to uh declutter our lives by by reducing the usage of of these social media apps i think
- 1:06:21actually, I've been liking it too
- 1:06:24because it's not for both men and women.
- 1:06:27It's not good for your psyche
- 1:06:28if you don't know the power that it yields over you.
- 1:06:32Yeah. Yeah, absolutely.
- 1:06:35Johan, it's been a pleasure.
- 1:06:38Any parting notes for anybody listening to this?
- 1:06:44Can I shill for one second?
- 1:06:46Shill. Shill.
- 1:06:47Shill. Let me shill.
- 1:06:48Leaving a Legacy, Johan Kurtz.
- 1:06:50It's my book.
- 1:06:52So it's my best writing.
- 1:06:54If you interested in anything I said that a good place to start You can find it on Amazon I had many people reach out to me after our first episode saying thank you for recording it
- 1:07:06They went and bought the book.
- 1:07:06They love it.
- 1:07:07I highly recommend it.
- 1:07:08I think it's probably the best book I've read in the last two years.
- 1:07:16It's short.
- 1:07:17You can read it in an afternoon, but it's very dense and thought-provoking.
- 1:07:22So highly recommend you go pick it up.
- 1:07:24I appreciate that.
- 1:07:25Thank you, Marty.
- 1:07:26All right.
- 1:07:26Peace and love, Freaks.
- 1:07:27Thank you for listening to this episode of TFTC.
- 1:07:31If you've made it this far, I imagine you got some value out of the episode.
- 1:07:35If so, please share it far and wide with your friends and family.
- 1:07:39We're looking to get the word out there.
- 1:07:41Also, wherever you're listening, whether that's YouTube, Apple, Spotify,
- 1:07:46make sure you like and subscribe to the show.
- 1:07:49And if you can leave a rating on the podcasting platforms, that goes a long way.
- 1:07:53Last but not least, if you want to get these episodes a day early and ad-free, make sure you download the Fountain podcasting app.
- 1:08:01You can go to fountain.fm to find that.
- 1:08:04$5 a month, get you every episode a day early, ad-free.
- 1:08:09Helps the show, gives you incredible value.
- 1:08:12So please consider subscribing via Fountain as well.
- 1:08:16Thank you for your time, and until next time.
- 1:08:19Okay.
- 1:08:23Thank you.