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The Bitcoin Standard Podcast
244. Econ Bro: Nigeria's Austrian Economist
Oct 22, 2024
Econ Bro, a Nigerian economist dedicated to teaching Austrian economics, offers a fascinating insight into Nigeria's economic landscape. He discusses the severe inflation crisis affecting the naira and its societal impacts, linking it intriguingly to historical practices of ritual sacrifice. Econ Bro shares his journey from Keynesian to Austrian economics, advocating for sound money and educational reforms. He also highlights the misconceptions around nutritious eating and calls for greater awareness of economic principles to inspire change and resilience in Nigeria.
01:26:46
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Quick takeaways
- Econ Bro's transition from Keynesian to Austrian economics highlights a quest for viable solutions to Nigeria's economic challenges.
- He identifies poor government policies and high taxation as significant factors exacerbating Nigeria's economic struggles and discouraging investment.
Deep dives
Econ Bro's Journey into Austrian Economics
Econ Bro, originally trained in Keynesian economics, shifted to Austrian economics while seeking solutions for Nigeria's economic issues. He became intrigued by renowned economists such as Milton Friedman and Friedrich Hayek after seeking resources online due to financial constraints preventing him from attending prestigious universities. His exploration continued with exposure to thinkers like Thomas Sowell and eventually Murray Rothbard, leading him to fully embrace ideas of property rights, free markets, and sound money. This academic journey was driven by his aspiration to enact positive change in an economically troubled Nigeria.
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