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Michael Covel's Trend Following

Ep. 710: Peter Boettke Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 12 November 2018

⏱️ 67 minutes

🧾️ Download transcript

Summary

My guest today is Peter Boettke, an economist of the Austrian School. He is currently an economics and philosophy professor at George Mason University; the BB&T Professor for the Study of Capitalism, Vice President for Research, and Director of the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics at the Mercatus Center at GMU. 

The topic is his book F. A. Hayek: Economics, Political Economy and Social Philosophy (Great Thinkers in Economics).

In this episode of Trend Following Radio we discuss:

  • Trade deficits
  • Trump politics
  • Politics in the marketplace
  • Zero sum game
  • Jeff Bezos and rent seeking
  • The market for privileges
  • Merchant class mentality

Jump in!

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I’m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I’m proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I’d like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can’t get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0

This is trend following radio where great thinking comes alive.

0:10.9

Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.

0:21.2

I am your host, Michael Covel, not filtered, raw, honest.

0:27.4

That's my passion.

0:30.9

My guest today is Peter Beckie.

0:33.0

He's an American economist of the Austrian school.

0:36.8

Currently, a university professor of economics and philosophy at George Mason University.

0:42.3

Yes, that's my alma mater.

0:44.3

And yes, I keep dipping into the well to bring on the very, very Austrian, libertarian,

0:53.3

Hayek, Friedman, et cetera, influenced economist from my

0:58.2

alma mater. Because George Mason University in the United States of America is the leader

1:04.7

right now for this style of thinking, this style of economics. Today, Peter and I cover a wide scope in his world

1:15.5

with a special focus on F.A. Hayek.

1:20.5

In fact, his newest book titled F.A. Hayek is out now.

1:25.9

And worth checking out.

1:31.0

You know, every generation has to relearn or to understand for the first time how things should work, how things really do work.

1:38.5

Because if we don't, we end up with all of the young people in America running around saying they want socialism

1:46.6

and they want government handouts and all this other nonsense.

1:52.7

So I love the fact that I get the chance to bring on people like Peter and his associates

1:59.6

at George Mason and many of his associates that are

2:02.9

not at George Mason University. I love to bring them on to this show because you know what?

2:08.3

They talk so straight, so clear, so pure, so logical. You just walk away and you say, my gosh,

...

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