197. Principles of Economics Interview with Jimmy Song

Jimmy Song joins Saifedean Ammous in this Episode, they discuss the idea of scarcity, the only real restriction to production being human time, the reason why human action is so important and the ridiculousness of simplifying human beings so they are assumed to act the same. They also talked about the reason why energy is such an important part of economic life and how unemployment is really a fiat phenomenon.
🔗👇🏼 Sponsors
CrowdHealth - get the tools you need to affordably break free from the insurance system - www.joincrowdhealth.com/
CoinKite - Bitcoin Security and Fun Devices - coinkite.shop/bitcoinstandard
TheBitcoinWay - TAKE CHARGE OF YOUR FINANCIAL FUTURE www.thebitcoinway.com/
-----------------------------------------------------------------------
Saifedean’s first book, The Bitcoin Standard:
saifedean.com/thebitcoinstandard
Saifedean’s second book, The Fiat Standard:
saifedean.com/thefiatstandard
Enjoyed this episode? Join Saifedean's online learning platform to take part in weekly podcast seminars, access Saifedean’s five online economics courses, and read his writing, including his new book, Principles of Economics! Find out more on saifedean.com!

[@Brandon-xp1ob]

Saif rocking orange glasses👍🏼🧡

[@QDogg]

Saif's course is great, I can't recommend it enough if you want to learn about Austrian economics and Bitcoin.

[@lukeasacher]

Dear Saifedean- you're simply the best. Thanks. Fun fact: I went to Fieldston and Reed College with Joseph Stiglitz's wife- her dad Andre Schiffrin and my uncle Morris Philipson (chair of the U Chicago Press for 32 years) founded Pantheon Books back in the early 1960s when they were both at Random House. Viva Mises.

[@ayandas874]

Now that Milei has won in Argentina, you should run for president in Lebanon.

[@TheGreenleaf247]

He's Palestinian-Jordanian

[@Fakhouryyy]

Would be great, but Lebanon president has to be Maronite Christian so Saif wouldn’t even qualify

[@yehimstone5492]

​@@Fakhouryyyand Jordan is a monarchy

[@lukeasacher]

No way! Fed Chair- so that he can abolish it. :)

[@mikeh6169]

Fantastic content! I really enjoyed all of the dialog and concepts.

[@jasonbouchard9233]

so 'at the margin' has both a time and location element to it?

[@cryptoemcee]

Thanks, gentlemen.

[@acenull0]

LMAO two of my fav ppl who rail against Fiat 😂 I'm so excited

[@faxian12]

A bird in the hand is worth two in the bush

Another "blue light is dangerous" believer? 😎

[@lukeasacher]

It is! The higher the frequency/shorter the wavelength of electromagnetic radiation, the more dangerous...

[@CrazyFanaticMan]

Saifedean, I'm just curious, do you still think Ronaldo is better than Messi?

[@GionnyChannel]

Your audio Is bad man please fix It for the next time