Mr. Jeff Deist is a great ambassador for the austro-libertarian perspective. He's clear and concise, explains the issues in a way that's accessible to the layman, and he has a very likeable personality. He's non-threatening, yet he never waters down the massage
Mr. Deist is one of the most cogent and succinct speakers on the subject of economics and how it relates to human action. Thanks for posting this exceptional talk.
This is the most frightening and enlightening thing that I have ever seen. I am a NH Free State project original recruit and I'm getting ready to buy a tractor and start planting for the Winter. Thanks to all the great people at the Mises Institute for pulling the wool off of my eyes... Drs. Woods and Murphy and Block and North and Gordon and Garrison and Herbener and HOPPE and- well, all the great thinkers and scholars of the Mises institute have given me the Pearl of Great Price- and I hopefully await their request for remuneration from me.
Did anyone else here notice how much you learn AFTER age 60 ? One example is the shattering realization that they NEVER did, never have, planned to pay off the debt............ nor even pay it down. I was actually stunned. It is sad.
Wow, this has only gotten worse. I told my son, when we got our “stimmy”, that the coolest part about it was that he didn’t get to “vote” for it or spend it but he does get to pay for it. I gave him my thanks.
Wait a second, the Misses Institute NEVER TELLS US that ALL MONEY, EVERY DOLLAR IS LOANED INTO CIRCULATION AT INTEREST. If we pretend the economy has only 1000 dollars in it and that money was loaned into circulation at 10% we would owe 1100 but we only have 1000 to pay it back. Where do we get the extra 100 dollars? The only way to keep the game going is to keep loaning money because there will never be enough to pay back the money owed. But he makes a great point about the lifestyle of living for today at the expense of tomorrow. Consume less than we earn. Timeless and great advice.
The principle of credit accounts is destroyed on repayment but the interest isn't. You could circulate 1$ of base money to pay down all the debts by itself. All that will be left is part of the money that isn't checkbook credit or loaned.
I like that expression, economic hedonism. I keep being told that we need to increase spending because that is what stimulates demand. I reply that its like telling a farmer that he needs to eat his seed grain to stimulate demand for a bigger harvest next year.
Care to enlighten us as to what hedonism actually is, because I didn't catch why you think the usage was incorrect. He said economic hedonism, as in economic policy is motivated by what is pleasurable and not painful. The government doesn't want to bear the pain of monetary responsibility, it only wants to print more to satisfy its spending habits. Seems analogous to me.
@@tricksyhobbitses1695 Hedonist philosophies of ancient Greece were those espousing a cynical view of the world as something which will exist as what it is regardless of individual desire and action and therefore advocating a self-centered communal life disinterested in the world at large based on the avoidance of pain. Hedonism is not the pursuit of pleasure as study of Stoicism, Epicurianism etc. plainly reveals. Your analogy of government monetary policy as the avoidance of painful responsibility is far-fetched and weak.
Mr. Jeff Deist is a great ambassador for the austro-libertarian perspective. He's clear and concise, explains the issues in a way that's accessible to the layman, and he has a very likeable personality. He's non-threatening, yet he never waters down the massage
*message lol
Well said! :)
I am the one from Estonia, glad to have been there.
Good on you mate, I am jelous
BRAVO! Huzzah!
Now that's dedication! Glad to have you.
Mr. Deist is one of the most cogent and succinct speakers on the subject of economics and how it relates to human action.
Thanks for posting this exceptional talk.
Economics is about the implications of individual human action. That's how Austrians approach economics through methodical individualism.
That was one of the most incredible talks I've ever heard.
I kneel and bow to you Mr. Deist!
This is the most frightening and enlightening thing that I have ever seen. I am a NH Free State project original recruit and I'm getting ready to buy a tractor and start planting for the Winter. Thanks to all the great people at the Mises Institute for pulling the wool off of my eyes... Drs. Woods and Murphy and Block and North and Gordon and Garrison and Herbener and HOPPE and- well, all the great thinkers and scholars of the Mises institute have given me the Pearl of Great Price- and I hopefully await their request for remuneration from me.
Always great to hear Jeff talk!
Cant wait for the fed debt graph to be updated post covid
Did anyone else here notice how much you learn AFTER age 60 ? One example is the shattering realization that they NEVER did, never have, planned to pay off the debt............ nor even pay it down. I was actually stunned. It is sad.
WOW. WOW. Jeff outdoes HIMSELF! BRAVO!
Wow, this has only gotten worse. I told my son, when we got our “stimmy”, that the coolest part about it was that he didn’t get to “vote” for it or spend it but he does get to pay for it. I gave him my thanks.
What a great speech.
Great speech, I really enjoyed it. Makes so much sense. Take care.
This talk is fire!
Clear exposition as always from Mr. Deist.
Wait a second, the Misses Institute NEVER TELLS US that ALL MONEY, EVERY DOLLAR IS LOANED INTO CIRCULATION AT INTEREST. If we pretend the economy has only 1000 dollars in it and that money was loaned into circulation at 10% we would owe 1100 but we only have 1000 to pay it back. Where do we get the extra 100 dollars? The only way to keep the game going is to keep loaning money because there will never be enough to pay back the money owed.
But he makes a great point about the lifestyle of living for today at the expense of tomorrow. Consume less than we earn. Timeless and great advice.
The principle of credit accounts is destroyed on repayment but the interest isn't. You could circulate 1$ of base money to pay down all the debts by itself. All that will be left is part of the money that isn't checkbook credit or loaned.
excellent way of stating one the greatest dilemmas of our time!
I like that expression, economic hedonism. I keep being told that we need to increase spending because that is what stimulates demand. I reply that its like telling a farmer that he needs to eat his seed grain to stimulate demand for a bigger harvest next year.
Precisely! As John Allison said... "we ate our seed corn"...
Taxation is the means by which the money printing industry acquires the semblance of ligitimacy.
I've always wondered, why would anyone want to go to Auburn Alabama? OK, good answer.
Superb.
Fiat currency is a debt note. How is debt paid with a debt. (It's a rhetorical question.)
It always bothers me when someone uses the term "Hedonism" incorrectly. In fact, Epicurus was a Communist.
Care to enlighten us as to what hedonism actually is, because I didn't catch why you think the usage was incorrect. He said economic hedonism, as in economic policy is motivated by what is pleasurable and not painful. The government doesn't want to bear the pain of monetary responsibility, it only wants to print more to satisfy its spending habits. Seems analogous to me.
@@tricksyhobbitses1695 Hedonist philosophies of ancient Greece were those espousing a cynical view of the world as something which will exist as what it is regardless of individual desire and action and therefore advocating a self-centered communal life disinterested in the world at large based on the avoidance of pain.
Hedonism is not the pursuit of pleasure as study of Stoicism, Epicurianism etc. plainly reveals. Your analogy of government monetary policy as the avoidance of painful responsibility is far-fetched and weak.
Hedonism is the pursuit of pleasure as the highest value. Your excessively complicated spin is unconvincing.
Did he just say there is an "epidemic if cultural appropriation"? WTF!?
And here we are...Commissar Trump is spending one trillion dollars in just one month....
Not good. Even worse now.
This is the first time I have heard Jeff Deist speak and he sounds like a second-rate alarmist. Not impressed.