Didactic Mind, Ep 64: The Hand of Mammon

In this week's podcast, I discuss the financialisation of markets and the extremely detrimental effects that this has had upon the real, productive economy. I go over some of the academic reasons offered up for the "crowding out" of the productive sectors of the economy by the financial sector, and the dangers that this poses based on historical evidence. Then I discuss the reason why we see this happening through the lens of Austrian Business Cycle Theory and show how central banks have lowered interest rates to the point where it actually makes complete sense for companies to jack up their share prices artificially. Finally, I talk about the ways in which this madness will end - i.e. very, very badly.

Be sure to like, share, comment, and subscribe to the podcast - and be sure to sign up for my email list if you have not done so already.

Protect Yourself From Big Tech

As I state in the opening of the podcast, you MUST take steps to protect yourself from the Big Tech companies. Start here with this post. Here are the specific steps that you can take:

• Make sure that your web traffic is safe and protected from prying eyes using a VPN - click here to get a massive 81% OFF on a 24-month subscription with Surfshark, the best-value VPN client out there today;
  • If you want something a bit simpler with fewer bells and whistles, subscribe to GooseVPN here;
• Start building your own platforms:
  • Get yourself a proper domain for your site or business with Namecheap;
  • Put your site onto a shared hosting service using A2Hosting for the fastest, most secure, and stable hosting platform around;
  • Create beautiful websites with amazing, feature-rich content using Divi from Elegant Themes;

Book References

• The Mars Trilogy by Kim Stanley Robinson:
  
  • Red Mars
  • Green Mars
  • Blue Mars
• Readings on Austrian Business Cycle Theory:
  • Austrian School Business Cycle Theory by Murray N. Rothbard;
  • The Theory of Money and Credit by Ludwig von Mises;
• The Big Short: Inside the Doomsday Machine by Michael Lewis;

Video References

• The Big Short (film)
• Margin Call (film)
• "The Mystery of the Origin of Life" - lecture at the Discovery Science Institute by Dr. James Tour