The Importance of Capital in Economics

Economics is subservient to politics, he argues. Value is always subjective. It is in the mind of the person who makes that valuation. And this is an enormously important concept which changes the entire way in which you approach economics. Most of the economics you learn at university practically serves no useful purpose other than to get you to believe in central banking and the Fiat cartel. He says without freedom to accumulate capital, human civilization itself is impossible.