In this episode Saifedean talks to Jeff Deist, president of the Mises Institute: the leading think tank dedicated to spreading the ideas of the Austrian School of Economics. They discuss the mission of the Mises Institute, its origins, and how its approach to economics differs from other think tanks such as the Cato Institute. They also talk about the problems of modern empirical economics and how most mainstream economists have failed to articulate the “unseen” costs of government interventions such as Covid lockdowns and climate change mitigation policies. Jeff also talks about some timeless books and essays that accurately explain economic phenomena, and makes the case that it is more important than ever to read the originals.

Resources

• Bastiat’s 1850 essay That Which Is Seen, and That Which Is Not Seen
• Henry Hazlitt’s book Economics in One Lesson
• Ludwig von Mises’ 1919 book Nation, State, and Economy
• Ludwig von Mises’ 1927 book Liberalism: In the Classical Tradition
• Saifedean’s episode The Great Covid Panic with Paul Frijters
• Murray Rothbard’s article Deflation Reconsidered (see chapter 20 of hyperlink)
• The Ethics of Money Production by Jörg Guido Hülsmann
• Jeff Deist on Twitter
• Thanksgiving dietary advice from the St Louis Fed
• Jeff’s Human Action Podcast
• Bitcoin, the Regression Theorem, and the Emergence of a New Medium of Exchange article by Walter Block of the Mises Institute
• Article on Per Bylund’s upcoming primer on Austrian Economics and Per Bylund on Twitter
• Understanding Money Mechanics by Bob Murphy
• Mises Institute blog
• Saifedean’s first book, The Bitcoin Standard
• Saifedean’s second book, The Fiat Standard

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