3min chapter

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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics

Lex Fridman Podcast

CHAPTER

Keynesian Economics Is Just Propaganda to Justify Inflationism

Ludwig von Mises was arguably the most important economist ever. He developed a theory of money and he wrote a book in 1912 called The Theory of Money and Credit. And then in the 40s he wrote Human Action, which is a big treaty on economics. LZ: I think this is the correct tradition of economics. But essentially, Keynesian economics is just inflation apology. It's just propaganda to justify inflationism.

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