The Bitcoin Standard Podcast 244. Econ Bro: Nigeria's Austrian Economist
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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.
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Econ Bro's Austrian Journey
- Econ Bro found Austrian economics after reading Friedman and Hayek online, wanting to fix Nigeria's economy.
- He later discovered Rothbard and Mises, deepening his understanding and commitment.
Inflation Drives Social Decay
- Inflation in Nigeria caused a rapid rise in poverty, leading to increased crime and social issues.
- Inflation’s societal impact is largely unnoticed by the general public and officials.
Inflation's Hidden Cultural Costs
- Inflation's broader societal harms, including increased voodoo sacrifices, rarely get studied due to lack of funding and institutional interest.
- Central banks avoid scrutiny as research funding supports mainstream narratives.