AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min chapter
#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Keynes' Moronic Theories - The Level of Spending Determines the State of the Economy
Keynesian theory says that the level of spending in the economy is what determines the state of the economy. And so it's a vicious cycle where the economy gets into recession. The only way out is for Keynes' banks, their bodies and government bodies to print a lot of money to give to themselves. That's one interpretation. But I've taught macroeconomics at university level for a while. So I know Keynesian nonsense better than most Keynesians know Austrians,. If not all of them, I guarantee you.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode