96. Sound Economics in a Confused World with Jeff Deist
The Bitcoin Standard Podcast
00:00
Is the Austrian School a Good Idea?
Economists and social scientists have done a very poor job of helping us understand the world. Most economists aren't doing that, they're basically stuck in empirics or statistics. So i'm not sure that i'm still as animated by the idea of the austrian school. Is this thing off to the side? It's more now where we're talking about rational, reasonable people versus irrational, unreasonable people. I think it has a lot of new proponents and adherents. People are understanding that economics doesn't work. And so i hope that the mises institute is a counter to all that. Maybe some people just want to consume the occasional tweat or the odd article to improve their understanding.
Transcript
Play full episode
