What We Talk About When We Talk About the Economy | Guest: Per Bylund | Ep 201

Matt Kibbe talks with economist Per Bylund about his new book, “How to Think About the Economy: A Primer.” Bylund explains what the economy actually is and how it works in terms that are easy for anyone to understand. Economics is not, as many believe, the study of money or finance, but a way of understanding human decision-making given the constraints of scarce resources. Per also explains the basics of the Austrian School of Economics, which differs in several important ways from the Chicago School and the Keynesian School, which are generally more popular with politicians and policymakers.

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Matt Kibbe

Matt Kibbe is President at Free the People, an educational foundation using video storytelling to turn on the next generation to the values of personal liberty and peaceful cooperation. He is also co-founder and partner at Fight the Power Productions, a video and strategic communications company. Kibbe is the host of BlazeTV’s Kibbe on Liberty, a popular podcast that insists that you think for yourself.

Dubbed “the scribe” by the New York Daily News, Kibbe is the author three books, most recently the #2 New York Times bestseller Don’t Hurt People and Don’t Take Their Stuff: A Libertarian Manifesto.

He was senior advisor for a Rand Paul Presidential Super PAC in 2016, and later co-founded AlternativePAC to promote libertarian values.

In 2004 Kibbe founded FreedomWorks, a national grassroots advocacy organization, and served as President until his departure in 2015. Steve Forbes said: “Kibbe has been to FreedomWorks what Steve Jobs was to Apple.”

An economist by training, Kibbe did graduate work at George Mason University and received his B.A. from Grove City College. He serves at the whim of his awesome wife Terry, and their three objectivist cats, Roark, Ragnar and Rearden. Kibbe is a fanatical DeadHead, drinker of craft beer and whisky, and collector of obscure books on Austrian economics.

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  • How does the “magic” happen? Economic freedom, market choice. How does that happen? Individuals free to choose their for themselves, without any intervention from third parties, e.g., govt., e.g., regulators, politicians. Taxation is theft, regulation of people’s property by threat of violence. How does that happen? By vote. Voters choose to be unfree, to be ruled by force. Why? They are promised protection, safety, if they let others, a sovereign elite, run their lives at the point of a gun. Voters are promised many specifics, e.g., a limited rule. But look close. What does that mean? It means the rulers, judge themselves, limit themselves, which is an unlimited elite and enslaved people. It’s not freedom. It’s the politics that has dominated humanity forever. The little freedom enjoyed was by an inefficient authoritarian tyranny. Just say “NO!” the this. Take full control over your life, so you may “live & let live”, in peace, prosperity.

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