INTERVIEW Economics Book Fuels Pushback Against Socialism
The David Knight Show
David Knight
4.6 • 765 Ratings
🗓️ 6 September 2023
⏱️ 62 minutes
🧾️ Download transcript
Summary
Its effect can be seen in the recent Argentine election where Javier Milei came in first in the primary in the country where socialist policies have ravaged the country with 150% inflation and 50% poverty.
It explains in a short book (120 pages) simple, math-free examples the problems of socialism. Now translated into English, it's a must for every student and liberty minded adult.
Axel also gives us a glimpse of what its like to like in an underground economy necessitated by rampant inflation.
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Transcript
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| 0:00.0 | And joining us now is our guest. |
| 0:08.8 | He has, as I mentioned at the beginning of the program, he's a Chilean German lawyer with a master's in investments. |
| 0:16.8 | He is a director of the Friedrich Hayek Chair in Santiago, Chile. |
| 0:22.6 | He has been a visiting scholar in Stanford University's Hoover Institution. |
| 0:27.6 | His opinions have been published by the Wall Street Journal, The Washington Post, Quillet Forbes Newsweek, Washington Examiner. |
| 0:34.6 | But he's had a lot of influence in Latin America. |
| 0:39.2 | And when I saw this book here, the book that he's written is called The Street Economist, |
| 0:45.1 | bestselling book in Chile, Spain, and many other Latin American countries, |
| 0:50.2 | currently being published in five different languages, and now it has been published in English. |
| 0:57.1 | And when I saw that, I wanted to talk to him about it |
| 0:59.8 | because it is the street economist, |
| 1:02.1 | 15 economic lessons everyone should know. |
| 1:06.0 | And I really, as we look at this guy who just finished in the primaries in Argentina, Javier Malay, |
| 1:15.7 | I thought, well, you know, it's, I wonder, he was, you know, a Ron Paul type of libertarian terms of his economics, |
| 1:22.9 | and we got to get rid of the central bank and the problems that it's caused and everything. |
| 1:26.3 | And when I saw this, I thought, well, maybe he's one of the many, many people in Latin America that have read this book. |
| 1:34.0 | You know, when the Wall Street Journal does a piece on Javier Malay, they just talk about his hairstyle. |
| 1:40.6 | But I would like to know what was on his mind. |
| 1:42.9 | And regardless of whether or not he was influenced by this, this looks like a very good |
| 1:46.5 | publish, a very, very good book. |
| 1:49.0 | So joining us now is Alex Kaiser Barrens von Hohenhagen. |
| 1:54.6 | Thank you for joining us, sir. |
... |
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