In this episode, John Golden talks with Dr. Thorsten Polleit about why the Austrian School of Economics still matters today. Dr. Polleit explains how key ideas like subjective value, opportunity cost, and business cycles help us understand modern economies. He also discusses why booms and busts happen, how low interest rates create bad investments, and why free markets drive innovation. They also explore how entrepreneurs can succeed despite government interference. If you want to understand economics in a simple way, this episode is for you!
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