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20min chapter
#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Critique of Keynesian Economics
This chapter examines the evolution of economic thought, focusing on the significance of marginal analysis and the lineage from Menger to Mises. It critiques Keynesian economics for promoting inflation and governmental control, arguing for a return to sound money principles. The discussion highlights the complexities of consumer behavior in economic contexts and challenges the effectiveness of government intervention during downturns.
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