Ep 75 Interview: Stephan Livera on Austrian Economics
Aug 17, 2024
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Stephan Livera, an expert in Austrian economics and cryptocurrency, shares his fascinating journey from Keynesian education to embracing anarcho-capitalist views. He introduces essential resources for newcomers to Austrian economics and reflects on the importance of community in Bitcoin discussions. Stephan discusses the challenges of creating a successful Bitcoin podcast while balancing a full-time job, and he provides insights on engaging audiences without being an expert. He also reflects on his transition from Australia to Dubai during the pandemic, highlighting favorable tax conditions.
Stephan Livera's journey into Austrian economics and Bitcoin began in his teens, shaped by a contrast with Keynesian teachings in school.
His move from Australia to Dubai during the pandemic reflects his pursuit of personal freedom and favorable economic opportunities.
Deep dives
Stefan Lavera's Journey into Austrian Economics and Bitcoin
Stefan Lavera shares how his interest in Austrian economics and Bitcoin began during his teenage years in Sydney, Australia. Initially exposed to libertarian ideas through an IRC channel, he encountered Mises Daily articles that contrasted sharply with the Keynesian teachings at his school. Eventually, he identified himself as a libertarian and was drawn to anarcho-capitalism, influenced by writers like Mises and Rothbard. His engagement in the libertarian and Austrian economic community deepened during the Ron Paul presidential campaign, showcasing the connection between his philosophical beliefs and the advocacy for hard money like Bitcoin.
Resources for Understanding Austrian Economics
In discussing resources for those new to Austrian economics, Lavera highlights several key texts. He recommends Per Byland's 'How to Think About the Economy' and Henry Hazlitt's 'Economics in One Lesson' for an introductory understanding of economics. For those interested in libertarian philosophy, Murray Rothbard's 'The Anatomy of the State' is suggested as a foundational read. Lavera emphasizes that engaging with accessible materials and following relevant content creators can ease the learning process regarding the principles of Austrian economics and liberty.
The Evolution of Lavera's Podcast
Lavera recounts the origins of his podcast, initiated in 2018 out of a desire for quality Bitcoin content amidst a scarcity of reliable sources. Frustrated with the existing media landscape that often focused on inferior or misleading information, he aimed to fill the gap with in-depth discussions about Bitcoin. Early on, his show was labor-intensive, involving extensive research and guest coordination, all done alongside a full-time job. His dedication led to the gradual growth of a dedicated following within the Bitcoin community, correlating with the increasing interest in Bitcoin as a whole.
Personal Freedom and Relocation Decisions
Lavera reflects on his decision to move from Australia to Dubai during the COVID-19 pandemic, driven by a desire for more personal freedom and better economic opportunities. The restrictive measures in Australia during 2020 prompted a reevaluation of his living situation, leading to his departure in July 2021. He praises Dubai for its favorable tax environment, safety, and vibrant expatriate community, which has facilitated networking and personal growth. Lavera underscores the importance of assessing one's lifestyle and financial circumstances, encouraging others to explore alternative living arrangements that align with their values.
My interview with Stephan Livera of the Stephan Livera Show on Austrian economics, podcasting, and why he ditched authoritarian Australia for freedom in Dubai.
I hope you enjoy, and follow Stephan at @StephanLivera on X or visit him at https://stephanlivera.com!