Michael McKay – Life Navigation With Austrian Economics | Libertarianism.UK Podcast

Today, we spoke with Michael McKay, a Lew Rockwell blog author, about the key principles of Austrian economics and how and why they can become a life navigation tool. Along the way, we covered choice analysis, decision management, relationship management, the life and times of the late great Yuri Maltsev, how to become a better investor and entrepreneur, the rise of artificial intelligence, the rise of the global gig economy, and many other related topics.

Timecodes 0:00 - Intro 2:01 - Who is Michael McKay? 3:00 - What are the key principles of Austrian economics? 11:52 - Why should people apply these principles to daily life decisions? 16:17 - The road from socialism 22:32 - Cognitive dissonance and transformation 23:36 - Some reminiscences about Professor Yuri Maltsev 27:26 - Life navigation with Austrian economics 30:17 - The need to also understand Keynesianism, in the modern world of central banks and fiat currency 35:25 - How can someone become a better investor using these principles? 42:21 - Using the principles to guide your relationships 49:09 - The rise of artificial intelligence and navigating through the upcoming 'Gig' economy 56:19 - Further resources to learn more about Austrian economics and life navigation 1:01:34 - Wrap-up

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https://libertarianism.uk/

Michael McKay's main link at the Lew Rockwell blog:

https://www.lewrockwell.com/author/michael-mckay/

Here are links to the main articles, books, and other resources mentioned in today's show.

Economics Is About Scarcity, Property, and Relationships:

https://www.lewrockwell.com/lrc-blog/you-already-understand-economics/

Secrets About Money That Put You at Risk:

https://mises.org/library/secrets-about-money-put-you-risk

Austrian Economics and Anarcho-Capitalism: Peace, Prosperity and Freedom:

https://www.lewrockwell.com/2011/07/michael-mckay/austrian-economics-and-anarcho-capitalism-peace-prosperity-and-freedom/

Faustino Ballvé and Essentials of Economics:

https://mises.org/library/essentials-economics

Murray Rothbard and What Has Government Done to Our Money?:

https://mises.org/library/what-has-government-done-our-money-2

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