96. Sound Economics in a Confused World with Jeff Deist

In this episode Saifedean talks to Jeff Deist, president of the Mises Institute: the leading think tank dedicated to spreading the ideas of the Austrian School of Economics. They discuss the mission of the Mises Institute, its origins, and how its approach to economics differs from other think tanks such as the Cato Institute. They also talk about the problems of modern empirical economics and how most mainstream economists have failed to articulate the “unseen” costs of government interventions such as Covid lockdowns and climate change mitigation policies. Jeff also talks about some timeless books and essays that accurately explain economic phenomena, and makes the case that it is more important than ever to read the originals.

0:00 Welcome to the Bitcoin Standard Podcast
1:30 Saifedean exploring the Mises Institute
3:20 Why modern Economics is broken
6:00 Timeless Education via the Mises Institute
9:00 Freedom and Libertarianism vs. Governments
14:00 Bitcoin adoption within Libertarians
16:00 Why Politics and Economics should NEVER mix
19:13 Bitcoin is challenging Austrian Economists
22:05 Bitcoin is more than a faster PayPal
24:00 The History of the Mises Institute
28:30 A Broad Variety of Debate
30:30 The State of the world today
33:50 An objective view of what’s happening
36:00 The West makes the decision - everyone else follows
38:20 Outsourcing personal decision making
39:20 What are the unseen Consequences?
44:00 Funding the Questions you want to be answered
46:10 How do we measure the costs?
48:20 Fiat thinking within the Governments
50:40 Economic reality is dictated and engineered
53:20 Doing exactly the wrong thing! (YouTube Highlight)
57:50 Printing money can’t solve economic disruption
59:20 Political Money creates high time preference
01:02:00 Fiat Food hiding Inflation
01:04:30 Woke Economists
01:07:24 We are in a new Era of Propaganda
01:09:00 Controlling Carbon Dioxide and the Inflation Narrative
01:12:50 Fake Meat NGMI
01:15:30 Resisting by holding Bitcoin
01:17:00 The Human Action Podcast
01:19:00 Questions of Regular Seminar Attendees

Saifedean’s first book, The Bitcoin Standard:
http://saifedean.com/thebitcoinstandard

Saifedean’s second book, The Fiat Standard:
http://saifedean.com/thefiatstandard

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