Thanks for this Bob. I met Hayek a few times and he asked me to take his photo outside Buckingham Palace when he was made a Companion of Honour by the late Queen. Around a year ago I had a wonderful dream in which I had bought a horse and named it "Hayekian Triangle"! The horse won the Grand National and King Charles presented me with the £1million (tax-free) prize.
Bob, thank you. But can I make a suggestion? If you can, please make your explanations more punctual. E.g. I understood the statement of the paradox of savings leading to investment instead of the opposite. But the solution to the paradox was so far from the problem statement, that I missed it. My attention span is not 10 minutes, it's shorter. You need to state the problem, and then immediately make your point before you lose the listener. Avoid side-comments. Straight for the punch. Then, you can go back and add to it. But you don't want the listener to miss the main point.
I'll listen to it and see if there's a way I could've given the solution upfront. But my intention was to show the structure of production and then say, "You see now how this solves the problem." I'm not sure the solution would make any sense without the setup.
This really cleared up a long-standing question for me, in conjunction with reading the text which you so helpfully provided. May I respectfully make a small suggestion? Sometimes it seems as though you think of your examples on the spur of the moment; in this case the bread-baking example may not have been very apt. That seemed a bit forced, and maybe that's why you let it go when it came to covering a longer production process with more stages. I think I've seen many of my professors do the same thing way back in the day, so you aren't alone, but I wonder if you may benefit from thinking your examples through ahead of time a little more thoroughly? Thanks again; I really gain a lot from these lectures. My main professor for my limited economics education was Martin Feldstein, and it's been very enlightening to hear a more Austrian view of things.
Thanks for the breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
Thanks for this Bob. I met Hayek a few times and he asked me to take his photo outside Buckingham Palace when he was made a Companion of Honour by the late Queen. Around a year ago I had a wonderful dream in which I had bought a horse and named it "Hayekian Triangle"! The horse won the Grand National and King Charles presented me with the £1million (tax-free) prize.
Thank you for the education you provide.
Thank you for this! I had heard you mention Hayekian triangles in other shows and this makes it so much clearer what you were talking about.
Great content. As usual
Bob, thank you. But can I make a suggestion? If you can, please make your explanations more punctual. E.g. I understood the statement of the paradox of savings leading to investment instead of the opposite. But the solution to the paradox was so far from the problem statement, that I missed it. My attention span is not 10 minutes, it's shorter. You need to state the problem, and then immediately make your point before you lose the listener. Avoid side-comments. Straight for the punch. Then, you can go back and add to it. But you don't want the listener to miss the main point.
Honestly i didn't fully get it but he gives it a good try
Agree. 23 minutes before he gets into it.
I'll listen to it and see if there's a way I could've given the solution upfront. But my intention was to show the structure of production and then say, "You see now how this solves the problem." I'm not sure the solution would make any sense without the setup.
Thanks Bob!
This really cleared up a long-standing question for me, in conjunction with reading the text which you so helpfully provided. May I respectfully make a small suggestion? Sometimes it seems as though you think of your examples on the spur of the moment; in this case the bread-baking example may not have been very apt. That seemed a bit forced, and maybe that's why you let it go when it came to covering a longer production process with more stages. I think I've seen many of my professors do the same thing way back in the day, so you aren't alone, but I wonder if you may benefit from thinking your examples through ahead of time a little more thoroughly? Thanks again; I really gain a lot from these lectures. My main professor for my limited economics education was Martin Feldstein, and it's been very enlightening to hear a more Austrian view of things.
Hayek is amazing
Sharing this with every socialist/commie I know.
Awesome
I need a better business model, mine ain't working much
Seller financed acquisitions in your industry. If your industry is shit then go to a different industry.
No free lunch in physics.
Thanks for the breakdown! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?