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2026-03-19 04:03:41 UTC

Corbin on Nostr: “Why Paul Krugman is wrong: Austrian Economics vs Keynesian Economics” - ...

“Why Paul Krugman is wrong: Austrian Economics vs Keynesian Economics” - Saifedean Ammous

Link: https://www.youtube.com/watch?v=GUvTJ0xy74c (8-minute clip from his Lex Fridman appearance)

This one goes straight at the heart of the video: why Keynesian ideas (and “modern money” theory) are built on bad assumptions, why inflation/printing isn’t a solution but the problem, and why Austrian principles (subjective value, incentives, capital formation) win. Saifedean ties it all to real-world outcomes.

“Inflation is a government scam” - Saifedean Ammous (Lex Fridman clip)

Link: https://www.youtube.com/watch?v=CADd0xRBbtI (6-minute clip)

Direct on the “inflation incentivizes spending / saving is bad” myth (the exact “paradox of thrift” undercurrent in modern theory argument).

He shows how it aligns government and the other most powerful interests with the system, while punishing savers and enabling the elite wealth transfer.

(The Inflation + Cantillon Angle)
“The Downside of Inflation” - Robert Breedlove

Link: https://www.youtube.com/watch?v=XFayBcoe0mI (~7 minute short talk)

Explains why inflation has zero moral justification, creates the inequality Murphy blames on low taxes, and why rewarding saving (not punishing it) builds real resilience.