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Speaker 1: If you're watching this channel, then you already know that

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Speaker 1: I put a massive premium onto education. I constantly pound

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Speaker 1: the table on one pouring into our own education. And

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Speaker 1: two that's why I like to teach information or education,

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Speaker 1: So not only do I help share it, but I

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Speaker 1: learn it even better. Education sits at the beginning of

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Speaker 1: everything that we have. We need a curious mind to

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Speaker 1: go seek the education, and it's the key to having

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Speaker 1: success in every area of our life. Now, unfortunately, our

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Speaker 1: school systems have taken the creativity out of us. They've

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Speaker 1: taken the desire, the fun of building our own education out.

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Speaker 1: But there's a way that we can get it back.

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Speaker 1: There's people that are actively working on this. Now. You've

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Speaker 1: heard the saying that you can't teach an old dog

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Speaker 1: new tricks, and so rather we learned, we'd rather start

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Speaker 1: teaching people how to learn properly at a young age.

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Speaker 1: And that's what we're talking about today with today's guest.

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Speaker 1: He saw the problem and he has found a solution.

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Speaker 1: You came up with his own solution to find the

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Speaker 1: things that need to be taught, um adapt them to

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Speaker 1: a younger audience, and we dig in how that's being done.

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Speaker 1: How the idea came out. How he's reshaping the future

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Speaker 1: right now today, how you can use some of these

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Speaker 1: tools to help reshape your future. The future so much

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Speaker 1: good stuff to jump into, so let's go go ahead

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Speaker 1: and get into it. Hey, everyone, welcome to the episode

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Speaker 1: of the Market Disruptor Show on today. I'm joined by

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Speaker 1: Phil Denniston. He is the founder of the publisher of

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Speaker 1: Bad Daddy Publishing, something that I'm very excited about its education,

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Speaker 1: but for a very very specific demographic we're talking about today. Phil,

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Speaker 1: thanks so much for joining us. You bet market it's

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Speaker 1: a pleasure to be here. I found you about eight

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Speaker 1: twelve months ago, and you become quickly one of my

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Speaker 1: favorite content creators. High quality, high quantity. I love awesome, Phil,

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Speaker 1: I appreciate that. Yeah, you know, um I uh, I

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Speaker 1: guess I love education. I've been doing a lot of it.

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Speaker 1: I think that, um education is just the most important

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Speaker 1: thing in the world. And not just education, but the

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Speaker 1: right the right education, I should say, um, so something

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Speaker 1: I've been super passionate about for the last I I

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Speaker 1: wasn't passionate about it in school, but after school I

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Speaker 1: I got a passion for it, and so I love

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Speaker 1: to teach it as well, and just trying to help

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Speaker 1: people see different things. I know you and I have

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Speaker 1: had several conversations offline, um, but for everyone who doesn't know,

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Speaker 1: why don't you kind of give us a little bit

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Speaker 1: of a background on what it is that you're doing,

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Speaker 1: what you're working on. Yeah. Absolutely, So we published what

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Speaker 1: we call Better Bedtime Stories to educate kids and really

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Speaker 1: their parents too, about finance and economics and not so

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Speaker 1: much the mainstream, mainstream stuff that you can get elsewhere,

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Speaker 1: but really what's behind it all, which is the dead

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Speaker 1: based paper money system and how it works. And that's

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Speaker 1: largely eight in this country because it really needs to

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Speaker 1: be because of all the shenanigans that go on behind

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Speaker 1: the scenes. I myself graduated from college in two thousand

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Speaker 1: with an economics degree, and they never once mentioned Austrian economics.

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Speaker 1: It was all Keynesianism and monetarism, and and the tech

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Speaker 1: bubble was bursting at that time, and I thought, Okay,

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Speaker 1: maybe once in a lifetime the powers that be might

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Speaker 1: screw up in this way. And so for eight more

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Speaker 1: years I kept reading mainstream stuff, and then in two

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Speaker 1: thousand and eight, housing bubble burst and I'm like, I've

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Speaker 1: got to really peel back the onion and understand what's

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Speaker 1: what's really happening here and why it's happening, And that

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Speaker 1: sort of led me down. I think a similar path

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Speaker 1: as you understanding that the FIA up money was really

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Speaker 1: the issue, and kind of you know, even going deeper

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Speaker 1: from there. That's interesting. So, UM, you major in economics. Um.

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Speaker 1: Of course all the universities today teach some version of

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Speaker 1: Kinsian economics. UM. I don't tell you that, um. And

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Speaker 1: so you were trained in that. That was of your

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Speaker 1: worldview or the way that you viewed economics. And so

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Speaker 1: when the two thousand eight crashs happened, you thought that

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Speaker 1: maybe it was just a minor problem that caused it,

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Speaker 1: they got it wrong just this one time, and that

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Speaker 1: it probably wouldn't happen again. Is that right? That was

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Speaker 1: kind of your view at that time. So, so that

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Speaker 1: was the two thousand tech bubble, and it clearly was

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Speaker 1: significant and not minor. But I I thought of it, maybe, Okay,

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Speaker 1: this is one of these once in a lifetime or

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Speaker 1: once in a generation things where things blow up in

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Speaker 1: this way and you start learning about bubbles, and they

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Speaker 1: typically did used to be more like once in a generation,

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Speaker 1: because once a populist was you know, understood the implications

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Speaker 1: of a bubble, they were less likely to walk right

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Speaker 1: into one. But the fact that we did another even

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Speaker 1: bigger eight years later, with the Great Financial Crisis and

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Speaker 1: the housing bubble, that's what led me to stop following

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Speaker 1: the mainstream financial information, which I was very attuned in,

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Speaker 1: having graduated with an eat con degree and read a

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Speaker 1: lot about investing in finance. And there's a lot of

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Speaker 1: good mainstream financial information, but what they don't teach you,

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Speaker 1: really it is not only the Austrian school, but the

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Speaker 1: the issues with Fiat money, and we really call it

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Speaker 1: the the root of all the world's biggest, most intractable problems.

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Speaker 1: And that kind of led me to think that these

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Speaker 1: are the kinds of things that I should have learned

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Speaker 1: growing up, whether from school or from my parents. And

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Speaker 1: some of my my earliest memories, of course, are reading

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Speaker 1: books with with my parents Dr SEUs and um, you know,

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Speaker 1: the Cat and Hattan whatnot. And I thought, every night

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Speaker 1: I read to my kids. I've got four kids now,

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Speaker 1: ages three to twelve, and for a while, I mean,

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Speaker 1: it was fun. The day the crowns quit, Uh, you

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Speaker 1: know Dr Susan whatnot, But I thought would have missed opportunity.

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Speaker 1: You know, we're spending an hour at night and we're

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Speaker 1: having fun, but we're not learning anything. Let me see

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Speaker 1: if I could teach them some of the lessons that

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Speaker 1: I've learned in life the hard way, uh, and make

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Speaker 1: them indelible memories in their minds in the same way

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Speaker 1: that I remember, you know Dr SEUs as a kid

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Speaker 1: and so um. The first one is where does money

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Speaker 1: come from? It's really all about the difference between sound

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Speaker 1: and fiadd money, and then we go into debt, the

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Speaker 1: debt based money system money itself. You know, it has

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Speaker 1: to keep growing through the issuance of new debt, as

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Speaker 1: you and your audience know well. And that's why our

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Speaker 1: kids are sort of poked and product and go to

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Speaker 1: to get launched in the world at eighteen years old

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Speaker 1: and get pulled into a broken higher education system to

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Speaker 1: rack up tens of thousand dollars in debt. And so

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Speaker 1: these are the things they should learn that no one's

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Speaker 1: teaching him. Hey, hold up just for a second. I

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Speaker 1: want to tell you about something. I just got something

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Speaker 1: cool in the mail I want to show you, and

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Speaker 1: it is this new sleek package I just got with

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Speaker 1: a brand new credit card. This isn't just any credit card.

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Speaker 1: This is a Block five credit card that's powered by

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Speaker 1: Visa and it's backed by bitcoin reward. So this is

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Speaker 1: a Visa card. I can use it anywhere in the

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Speaker 1: world that visas accepted. And the benefit of this Block

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Speaker 1: five Visa card is that I get paid back in bitcoin.

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Speaker 1: Most of my other cards pay me in some sort

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Speaker 1: of reward points. I get airline miles. Um, I'm not

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Speaker 1: very good at using those. They end up accumulating and

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Speaker 1: I'm doing anything with them, but getting to earn bitcoin

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Speaker 1: back with every single purchase is of course something that

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Speaker 1: matters to me. Now. I know for a lot of

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Speaker 1: people they say that the price of bitcoin is too high,

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Speaker 1: So I say, well, you can always earn bitcoin. You

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Speaker 1: can get paid in bitcoin, or you can just get

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Speaker 1: cash back rewards on every purchase paid in bitcoin with

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Speaker 1: the Block fight Visa credit card used everywhere that Visa

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Speaker 1: is accepted. And if you want to sign up for

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Speaker 1: the Visa card that pays back in bitcoin from Blackboy,

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Speaker 1: there is a link in the description down below. Check

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Speaker 1: it out. Yeah, it's interesting. Um, I want to go back,

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Speaker 1: you kind of ran around a little bit farther. I

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Speaker 1: just want to go back a little bit, um, because

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Speaker 1: I think it's important to understand. I mean, as you're saying, right,

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Speaker 1: these lessons that you could have learned, or you should

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Speaker 1: have learned, or you should have known, right, trying to

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Speaker 1: pass that on um. And it's interesting though, like even

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Speaker 1: from the kinseiean uh worldview. I mean, I guess you

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Speaker 1: could say maybe two thousand was a fluke, but I

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Speaker 1: guess now, I guess, not knowing what you now know. Um,

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Speaker 1: looking backwards, I mean, isn't a isn't it just a

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Speaker 1: series of escalating bubbles that we've just had, right? I mean,

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Speaker 1: I mean we had the Black Monday in Night seven,

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Speaker 1: we had the seventies crashed, the eighties seven crash, and

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Speaker 1: we can go back and it's just like a series

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Speaker 1: of escalating bubbles. Of course, now looking at two thousand

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Speaker 1: and eight and then even what happened in two thousand

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Speaker 1: twenty as reference, you can see that the bubbles just

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Speaker 1: get bigger and bigger and bigger, right, exactly right, I mean,

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Speaker 1: the amplitude just keeps getting bigger, and of course you

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Speaker 1: know you could track it to to nineteen seventy one.

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Speaker 1: I mean when when we went on, three days from today,

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Speaker 1: it will be the fiftieth anniversary of the UH of

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Speaker 1: the broken debt based money system. And now it's global

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Speaker 1: because in history, where where countries tried fiat money or

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Speaker 1: paper money, it was regional, but now it's global. And

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Speaker 1: I agree with you completely. They're getting bigger and the

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Speaker 1: only way to prevent more of the next one, which

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Speaker 1: will be huge. I mean, we we at this point

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Speaker 1: face either you know, a destruction of the currency through

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Speaker 1: inflation or massive deflation correcting the decades of malinvestment that

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Speaker 1: have been trying to ripple through the system in eighty

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Speaker 1: seven and two thousand and two thousand and eight, and

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Speaker 1: and the FED comes along and fights that with more

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Speaker 1: money printing and pushing interest rates down, which just causes

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Speaker 1: economic distortions. Yeah, I mean, uh, it's it's it's almost

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Speaker 1: like the markets continues to try to correct itself. Um,

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Speaker 1: it keeps trying to purge itself of this uh you know,

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Speaker 1: this inflation that the Fed is created. And every time

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Speaker 1: it rejects that inflation and starts to deflate, Um, they

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Speaker 1: go back and try to pump the balloon back up. Yeah,

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Speaker 1: that's the cleansing trying to happen, and it's it's painful

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Speaker 1: when it happens because people will, you know, go bankrupt

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Speaker 1: and lose their homes and lose their jobs. But that

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Speaker 1: isn't the problem. That's the consequence of the money printing,

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Speaker 1: which is the problem. And listen, if you gave me

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Speaker 1: the ability to print money, I probably would. It would

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Speaker 1: be very difficult for anybody not to even if you

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Speaker 1: think that you're saving the world and saving the whales

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Speaker 1: and you know, et cetera. The ability to print money

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Speaker 1: is not something that that humans you know, can can

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Speaker 1: with can cannot do uh in good conscience. So of

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Speaker 1: course it's happening and we shouldn't be surprised. Yeah, now

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Speaker 1: all the education piece. A quote that I like to

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Speaker 1: throw around often was Henry Ford from about a hundred

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Speaker 1: years ago, and he said, if the American people knew

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Speaker 1: how the banking system worked, there would be a revolution

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Speaker 1: before the morning. Like they wouldn't even put up with

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Speaker 1: it for a minute, like before even sunrise came up,

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Speaker 1: they'd be already revolting. And of course that was over

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Speaker 1: a hundred years ago, so imagine how much worse the

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Speaker 1: banking system is today than it was back then. UM

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Speaker 1: I would say that, UM, I guess to found how

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Speaker 1: cynical your world view is. UM. It's at least been

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Speaker 1: intentionally withheld from any education and potentially even misled through

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Speaker 1: education of exactly how the banking system work, what money is,

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Speaker 1: how money worked, how the banking system worked, etcetera. Do

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Speaker 1: you hold that same view? I absolutely do. I mean, no,

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Speaker 1: they can't teach you how it works because that would

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Speaker 1: reveal the con and and and there's no way that

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Speaker 1: the populace would would would stand for it. In fact,

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Speaker 1: I mean the Constitution itself basically precludes it. It says

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Speaker 1: that Congress shall make nothing money except gold and silver,

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Speaker 1: but that of course is ignored at this point. I mean,

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Speaker 1: the creature from Jakol Island is a great place to

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Speaker 1: start about. How the FED was created in nineteen thirteen

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Speaker 1: when the bankers got together, and the whole thing has

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Speaker 1: been cloaked in secretsy since. And of course it benefits

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Speaker 1: the bankers and those closest to them, and the government

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Speaker 1: that gets to spend. And so these are the folks

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Speaker 1: pulling the strings and in charge. So it's absolutely intentionally omitted,

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Speaker 1: and we are also misled in a I wouldn't say

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Speaker 1: it's overt necessarily, it's sort of group think. It's like,

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Speaker 1: you know, we're led to believe that the money system

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Speaker 1: is the only way that it could be in just

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Speaker 1: the way that it should be, and there wouldn't necessarily

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Speaker 1: be any other way to structure things, and that's definitely

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Speaker 1: not the case. M So it's not not even So

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Speaker 1: then I guess those the two options I gave. One

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Speaker 1: it's being intentionally left out. The other was even potentially

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Speaker 1: being misled. And so I guess you're opting for more

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Speaker 1: of the misled where they're teaching you that we have

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Speaker 1: to have inflation, the money supply has to grow. How

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Speaker 1: can the economy grow if the money supply doesn't grow, right,

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Speaker 1: I guess, And so they're really ingraining that in your head,

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Speaker 1: and I see that all the time from people are like,

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Speaker 1: oh no, well, if if the money supply doesn't doesn't grow,

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Speaker 1: then how can the economy grow? I guess, So those

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Speaker 1: some of those things that you're you're seeing. Yes, but

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Speaker 1: I would say that the money system that we have today,

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Speaker 1: really it is necessary to have inflation because it would

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Speaker 1: be because every dollar is issued as debt. There is

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Speaker 1: no dollar that exists today there wasn't first issued as

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Speaker 1: a loan, and that loan requires repayment of principle plus interest.

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Speaker 1: So the system the way it is designed today actually

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Speaker 1: does need inflation. It doesn't need consumer price inflation necessarily,

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Speaker 1: but it needs the issuance of new money, which causes

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Speaker 1: consumer price inflation. So they say they need a two

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Speaker 1: percent inflation target essentially as an excuse to continue issuing

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Speaker 1: more money, to get people to go deeper and deeper

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Speaker 1: into debt and to encourage the you know, for the

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Speaker 1: government to keep borrowing, because if if they don't do that,

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Speaker 1: you get massive debt deflation because there aren't enough dollars

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Speaker 1: in the system to repay the loans that are simply

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Speaker 1: issued in the creation of money. So the system doesn't

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Speaker 1: have to be designed like it is today. It benefits

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Speaker 1: them that them that it is, and because it's designed

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Speaker 1: this way, we actually do need inflation, not necessarily in

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Speaker 1: in prices going up, but we need more money which

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Speaker 1: causes those prices to go up. Let me just clarify this. So, um,

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Speaker 1: what you're saying is given the current existing debt based

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Speaker 1: system that we have today. In order for it to

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Speaker 1: continue to pretend to work, we have to have inflation.

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Speaker 1: But we don't need that system. We should have a

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Speaker 1: different system that wouldn't depend on inflation. Would that be right? Absolutely? Yep, alright,

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Speaker 1: So what kind of other system would it be? So traditionally,

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Speaker 1: from you know, five thousand years, what worked best in

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Speaker 1: the free market was gold and silver, uh, And that's

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Speaker 1: that was simply a commodity money that was in using

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Speaker 1: precious battles that was limited in supply. And there's a

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Speaker 1: fairness to that because in order to obtain gold indoor silver,

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Speaker 1: you either need to dig it out of the ground

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Speaker 1: and do that work, or you need to create value

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Speaker 1: in the marketplace by trading goods and services for it.

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Speaker 1: And that's a system that's fair. You wouldn't have a

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Speaker 1: government that can suddenly create gold and silver out enough.

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Speaker 1: It has to be obtained through taxation in the case

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Speaker 1: of government, or again dug from the ground, or earned

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Speaker 1: through through work or trade. So for five thousand years,

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Speaker 1: that's always worked best in human history. And there's been

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Speaker 1: countless experiments where they where they tried paper instead. Going

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Speaker 1: back to China or John Lawn France, and that always

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Speaker 1: ends in debacle and a hyper inflation. Um. So gold

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Speaker 1: and silver traditionally is the right way to do it.

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Speaker 1: And I'm absolutely enamored with the bitcoin story. I think

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Speaker 1: that could be the beautiful awakening, the solution to the

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Speaker 1: very crux of the problem, at the apex of the problem.

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Speaker 1: And it's untested, it's new, but conceptually I'm definitely beginning

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Speaker 1: to to love the bitcoin story, and not as a

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Speaker 1: substitute or replacement for gold and silver. I think free

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Speaker 1: market alternatives to money are going sure when when people

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Speaker 1: have more choices, the people win, right. So Um, of

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Speaker 1: course it's always about competition. Um. You know there's uh

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Speaker 1: in regards to that. Just real quickly, you kind of said,

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Speaker 1: you know, gold and silver's work five thousand years. There's

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Speaker 1: been periods of John Law like where they try to

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Speaker 1: get back into paper. You said it he was in

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Speaker 1: the debacle. Um. And I think that therein lies the

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Speaker 1: crux of the argument. It's man that's the problem, because

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Speaker 1: as you said earlier that, um, if you had a

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Speaker 1: chance to print money, you would, right and so like

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Speaker 1: what man, human nature wouldn't want to get something for free,

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Speaker 1: free lunch, so to speak. And so from the beginning

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Speaker 1: of time, they've had alchemy trying to turn you know,

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Speaker 1: uh nothing into gold, or they debased currencies to create more.

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Speaker 1: And it's the man piece. And so that's where the

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Speaker 1: beauty of bitcoin comes into play, where it removes man

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Speaker 1: and it puts code and it puts immutable code into place.

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Speaker 1: And so to your point, you know, eleven twelve years

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Speaker 1: isn't enough to prove it out. What every year makes

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Speaker 1: it makes it stronger? Um so, um, so you see

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Speaker 1: this problem. You had to have your own eyes weight,

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Speaker 1: you know, opened up. I should say, right, you're you're

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Speaker 1: top kinzie. In all of a sudden you kind of

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Speaker 1: learned a different way. You believe that to be a

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Speaker 1: better way. You recognize that education is powerful, and I

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Speaker 1: guess the best place to start educating is at kids.

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Speaker 1: Uh As you said you were kind of reading to

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Speaker 1: your kids. Um, I have two kids and we read

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Speaker 1: to them every single night, and I love that. Unfortunately

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Speaker 1: too old now they don't want me to read them anymore.

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Speaker 1: But but yeah, it isn't it is an amazing opportunity.

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Speaker 1: How do you think through Um, I guess just the

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Speaker 1: topics that you think kids should be learning at that

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Speaker 1: young of an age. Yeah, and this is looks certainly

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Speaker 1: I've been called crazy by by a lot of people

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Speaker 1: that that I would introduce these topics to kids as

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Speaker 1: young as three, because I've started with my three year old.

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Speaker 1: But the the important thing I think with that is

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Speaker 1: the repetition, because it's a nightly ritual. You're not necessarily

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Speaker 1: reading the same book every night, but you go back

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Speaker 1: to it every week or two, and so they really

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Speaker 1: begin to understand stand the concepts through time, and you, uh,

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Speaker 1: it's an opportunity for discussion around those things. Um. But yeah,

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Speaker 1: I mean first justifying what money is and what it

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Speaker 1: is and and and and that really the difference between

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Speaker 1: sound and fia. And that's very actually accessible to a

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Speaker 1: child because and and I actually have my kids saving

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Speaker 1: in silver now too. We've got a system where when

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Speaker 1: they earn money around the house, you know, they get

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Speaker 1: paid and sober. And they've been we've been doing that

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Speaker 1: for the last couple of years, um, actually four or

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Speaker 1: five years now, so they've seen the price of silver

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Speaker 1: fluctuating that time. They're you know, they're up on that

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Speaker 1: and they can trade it out for cash if there's

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Speaker 1: something they want to buy. But we take the lessons

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Speaker 1: from the books and we try to apply them in

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Speaker 1: real life and debt. Yeah, it's it's early to you know,

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Speaker 1: three year old doesn't get dead. But again, you read

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Speaker 1: it in three or four or five, six, seven, and

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Speaker 1: they start to internalize those concepts. So it's not Uh.

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Speaker 1: And by the way, when my kids, I truly could

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Speaker 1: be reading them just about anything because what they really

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Speaker 1: enjoy is the time that they spend with me every

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Speaker 1: night in the conversations we have. So it's untested because

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Speaker 1: we're fairly new to the marketplace, but but we believe

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Speaker 1: in the content. Yeah. No, I agree. Like I said,

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Speaker 1: I mean, we read our kids every single night, and

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Speaker 1: I'm sad we don't get to do that anymore. But

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Speaker 1: it is to your point, it's that time that's spent

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Speaker 1: together that's super powerful. But um, you know understand the

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Speaker 1: way that people learn. Kids learned specifically right through through reputation. Um.

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Speaker 1: I had a I had a conversation with a friend

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Speaker 1: who's a educator a teacher, and we were talking about

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Speaker 1: the merits of college and she throughout the media headline

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Speaker 1: to me that everybody needs an education, And I said, Okay, sure,

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Speaker 1: everyone needs to be educated. You tell me what do

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Speaker 1: they need to be educated in? And like she just

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Speaker 1: drew a blank. I don't know. And I'm like, well,

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Speaker 1: I could tell you what I think people should be

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Speaker 1: educated in, Like how about like communication? How about time management?

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Speaker 1: How about you know, and I throughout a list of things.

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Speaker 1: So I'm curious, do you have like a list of

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Speaker 1: things that you think that like kids should be learning

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Speaker 1: that sets them up for life. And then you start

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Speaker 1: working off of that, We're like, uh, kind of what's

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Speaker 1: your view on that or your process. I just wanted

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Speaker 1: to take a second to explain to you one more

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Speaker 1: time just how cool having this new block Fight Visa

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Speaker 1: credit card is. I'm starting to move a lot of

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Speaker 1: my bills over to get paid from this. Of course

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Speaker 1: all my business supplies. I'm starting to pay for this

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Speaker 1: my advertising budgets, and I'm starting to run as much

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Speaker 1: as i can through it because I'm getting paid a

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Speaker 1: percentage back of every single transaction in bitcoin. We want

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Speaker 1: to save in bitcoin because bitcoin is an asset that

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Speaker 1: goes up in value because of the deflationary nature of it,

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Speaker 1: and we want to spend our fiat. So I'm spending

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Speaker 1: my Fiat through my Block five visa card, and I'm

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Speaker 1: getting back bitcoin that I can save and I can hold.

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Speaker 1: I expected to go up in value a lot. I

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Speaker 1: expect to hold my bitcoin. I'm gonna pass it to

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Speaker 1: my kids and my grandkids and hopefully my great grandkids

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Speaker 1: will have my bitcoin one day. So I'm gonna save it.

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Speaker 1: I'm gonna spend my Fiat through this card, and I'm

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Speaker 1: gonna earn back bitcoin that I'm want to save. If

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Speaker 1: you want to get one, there's a link down below. Yeah.

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Speaker 1: So for now we're focused on finance and finance related

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Speaker 1: issues because that is my passion and it's what I've

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Speaker 1: been doing for so long. I should probably uh, the

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Speaker 1: other things they don't teach you in school that are

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Speaker 1: so important, of course our relationship skills, but that's probably

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Speaker 1: not my specialty. Um. But but we doug tail from finance.

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Speaker 1: So again, first we kind of got to talk about

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Speaker 1: what is money sound if you have been been dead?

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Speaker 1: Then we talked about the big bad business cycle, which

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Speaker 1: is essentially the FEDS, you know, increasing amplitude of every

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Speaker 1: larger bubble and bus, which will not only destroy you

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Speaker 1: financially if you don't understand it. But if you do

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Speaker 1: understand it, it can help help you create massive amounts

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Speaker 1: of generational wealth. And the latest book is The Madness

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Speaker 1: of Crowds, where we really talk about you know, that

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Speaker 1: one quirk insider evolutionary brain that makes it very difficult

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Speaker 1: for us to question the consensus of the herd because

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Speaker 1: you know, and when we lived in tribes, if we

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Speaker 1: were excommunicated from the tribe, we would be picked off

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Speaker 1: by a predator. We wouldn't make it through the winter.

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Speaker 1: So we can't and social media makes this very hard

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Speaker 1: because you see a feed of information that looks like

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Speaker 1: what they want you to think, or what your group

428
00:22:17,400 --> 00:22:19,920
Speaker 1: of friends are all thinking. And to to be the

429
00:22:20,080 --> 00:22:23,560
Speaker 1: question that consensus is very difficult. But that again can

430
00:22:23,640 --> 00:22:27,000
Speaker 1: lead to peril. So we talked about with trials and

431
00:22:27,040 --> 00:22:30,600
Speaker 1: financial bubbles and global pandemics, you know, most of which

432
00:22:30,600 --> 00:22:32,359
Speaker 1: were in the middle of right now, and how we

433
00:22:32,560 --> 00:22:35,560
Speaker 1: need to think independently and do our own research. At

434
00:22:35,600 --> 00:22:39,040
Speaker 1: any time that you you know that you're you're afraid

435
00:22:39,119 --> 00:22:42,159
Speaker 1: that you have fear or greed as a result of

436
00:22:42,200 --> 00:22:44,280
Speaker 1: what the herd is doing, that's a that's the time

437
00:22:44,320 --> 00:22:46,280
Speaker 1: to take a step back and make sure you understand

438
00:22:46,320 --> 00:22:50,600
Speaker 1: the real motivations and what's happening around here. Yeah, that's great.

439
00:22:50,640 --> 00:22:52,760
Speaker 1: I mean really getting to the base of this and

440
00:22:52,760 --> 00:22:57,440
Speaker 1: that's really where Austrian economics really differs from traditional economics

441
00:22:57,480 --> 00:23:00,400
Speaker 1: is understanding that it all comes from human action. Um.

442
00:23:00,440 --> 00:23:02,240
Speaker 1: And so then you have to understand what that human

443
00:23:02,280 --> 00:23:05,480
Speaker 1: action is, like something like you've talked about. UM. So

444
00:23:05,520 --> 00:23:07,800
Speaker 1: that's so that's pretty good. I'm curious, like what kind

445
00:23:07,800 --> 00:23:13,360
Speaker 1: of books have been instrumental in helping this, Like, for example, um,

446
00:23:13,359 --> 00:23:16,000
Speaker 1: there's another set of kids books that are written by

447
00:23:16,000 --> 00:23:18,560
Speaker 1: the Tunnel Twins, and like they have one called The

448
00:23:18,640 --> 00:23:20,800
Speaker 1: Road Deserved Them, which is one of the most important

449
00:23:20,840 --> 00:23:23,000
Speaker 1: books I think everybody should read, which is Hyak wrote

450
00:23:23,000 --> 00:23:25,199
Speaker 1: The Road Deserved Them and they tried to kind of

451
00:23:25,200 --> 00:23:27,760
Speaker 1: make a version of it for kids. Uh. Have you

452
00:23:27,840 --> 00:23:29,399
Speaker 1: looked at some books and kind of done something like

453
00:23:29,440 --> 00:23:31,680
Speaker 1: that or they all kind of like your own, um

454
00:23:31,760 --> 00:23:34,080
Speaker 1: lessons that you've kind of come up with. So first

455
00:23:34,119 --> 00:23:37,200
Speaker 1: of all, yeah, I absolutely love the Tunnel Twins. Um. Yeah.

456
00:23:37,400 --> 00:23:40,080
Speaker 1: And after I started doing this project, I served, is

457
00:23:40,119 --> 00:23:42,240
Speaker 1: there anybody else doing anything like this? And that's when

458
00:23:42,240 --> 00:23:45,520
Speaker 1: I found the Tunnel Twins. So we recommend those as well. Um,

459
00:23:45,720 --> 00:23:50,240
Speaker 1: we're focused you know, more more focused on on on

460
00:23:50,320 --> 00:23:53,040
Speaker 1: the money side, not just uh you know, not the

461
00:23:53,119 --> 00:23:56,720
Speaker 1: not the wide or libertarian economic side. But ours are

462
00:23:56,760 --> 00:24:00,080
Speaker 1: completely original. But I love what I think is this

463
00:24:00,160 --> 00:24:03,240
Speaker 1: Connor Boy act is doing and basically taking the Austrian

464
00:24:03,760 --> 00:24:07,480
Speaker 1: the great Austrian economists and translating it into individual stories

465
00:24:07,520 --> 00:24:11,520
Speaker 1: about those tuddle tums. But ours are completely original. Yeah, yeah, good, Yeah,

466
00:24:11,520 --> 00:24:13,520
Speaker 1: I was just more curious about, Like I said, I'm

467
00:24:13,520 --> 00:24:15,439
Speaker 1: trying to understand, like what are you trying to teach?

468
00:24:15,520 --> 00:24:18,680
Speaker 1: Like where do you get the inspiration from, um, etcetera.

469
00:24:18,760 --> 00:24:20,720
Speaker 1: So I guess it's just kind of some lessons that

470
00:24:20,760 --> 00:24:22,760
Speaker 1: you think are powerful and way that you can translate

471
00:24:22,760 --> 00:24:25,520
Speaker 1: them to the kids. Yeah, really centered around the money

472
00:24:25,560 --> 00:24:29,440
Speaker 1: system and and and and fiad versus sound. In fact,

473
00:24:29,440 --> 00:24:31,760
Speaker 1: our fifth book that we're working on now is the

474
00:24:31,800 --> 00:24:34,160
Speaker 1: Bitcoin Book, and it's really going to try to tell

475
00:24:34,200 --> 00:24:38,680
Speaker 1: that that bitcoint story to uh to a much younger audience. Now,

476
00:24:38,720 --> 00:24:42,399
Speaker 1: what about the traditional education system that we have right now?

477
00:24:42,640 --> 00:24:45,719
Speaker 1: We've already talked about obviously like withholding some of this stuff. UM,

478
00:24:45,880 --> 00:24:48,200
Speaker 1: I'm guessing in your books are are your your books

479
00:24:48,200 --> 00:24:51,160
Speaker 1: are more geared for like elementary age children. Have you

480
00:24:51,320 --> 00:24:54,840
Speaker 1: tried to talk to any school systems about getting them

481
00:24:54,840 --> 00:24:57,760
Speaker 1: in there like anything like that? No, I haven't. I

482
00:24:57,840 --> 00:25:01,679
Speaker 1: haven't spent any time founding the pavement with schools. But

483
00:25:01,760 --> 00:25:04,640
Speaker 1: home schoolers tend to flock to us. So a lot

484
00:25:04,680 --> 00:25:08,679
Speaker 1: of our subscribers or home schoolers because they recognize, really,

485
00:25:09,160 --> 00:25:12,119
Speaker 1: you have to take charge of your own children's education.

486
00:25:12,200 --> 00:25:15,240
Speaker 1: And then public libraries and rural towns have found us too,

487
00:25:15,240 --> 00:25:18,119
Speaker 1: and they tend to like us. Um, I've got a

488
00:25:18,200 --> 00:25:21,159
Speaker 1: day job, and so mostly I turned out the books

489
00:25:21,160 --> 00:25:23,639
Speaker 1: as a labor of love and need to focus a

490
00:25:23,680 --> 00:25:26,679
Speaker 1: little more on the marketing approach. But people do find

491
00:25:26,800 --> 00:25:28,840
Speaker 1: us through word of mouth, and they tend to be

492
00:25:28,960 --> 00:25:34,720
Speaker 1: that type, the libertarians, the homeschoolers, um. People that that

493
00:25:34,880 --> 00:25:39,359
Speaker 1: don't necessarily associate very heavily with either mainstream political party.

494
00:25:39,760 --> 00:25:42,560
Speaker 1: Instead they do their own research. Do you home school

495
00:25:42,600 --> 00:25:46,480
Speaker 1: your kids? We did? My wife did? We do? Not?

496
00:25:46,720 --> 00:25:50,320
Speaker 1: Right now they're in a private Montessori But now that

497
00:25:50,359 --> 00:25:52,840
Speaker 1: we have four, because we had two older ones and

498
00:25:52,840 --> 00:25:55,000
Speaker 1: then we had twins, and the twins canater was just

499
00:25:55,080 --> 00:25:58,160
Speaker 1: impossible to try to do anything really, so they're they're

500
00:25:58,160 --> 00:26:00,480
Speaker 1: my olders are in school and the twins are will

501
00:26:00,520 --> 00:26:04,240
Speaker 1: be starting preschool in the Okay, would it be something

502
00:26:04,240 --> 00:26:07,439
Speaker 1: that you would consider again at some point? So so

503
00:26:08,240 --> 00:26:12,879
Speaker 1: I find I'm too busy. I believe in it. Um

504
00:26:13,400 --> 00:26:15,280
Speaker 1: but but but but it was my wife that was

505
00:26:15,320 --> 00:26:17,479
Speaker 1: doing it, and I would support her to do it.

506
00:26:17,520 --> 00:26:20,480
Speaker 1: But I personally, unfortunately, at this time in my life,

507
00:26:20,560 --> 00:26:22,639
Speaker 1: it's just too busy to give it the attention that

508
00:26:22,680 --> 00:26:25,880
Speaker 1: it needs. Yeah, that's that's how I am as well.

509
00:26:25,880 --> 00:26:29,600
Speaker 1: We're homeschooling our kids right now. They're they're you know,

510
00:26:29,600 --> 00:26:33,000
Speaker 1: they're they're taking an online curriculum that they're going through. Um. Yeah,

511
00:26:33,040 --> 00:26:35,280
Speaker 1: I wish I could be more involved as part of

512
00:26:35,320 --> 00:26:37,200
Speaker 1: their teacher. But I but I can't do that either.

513
00:26:37,240 --> 00:26:40,840
Speaker 1: But it is good for everybody to be more involved

514
00:26:40,880 --> 00:26:42,800
Speaker 1: at least be aware of what they're doing. I mean,

515
00:26:42,840 --> 00:26:45,040
Speaker 1: school choice is a big thing. Like like we like

516
00:26:45,080 --> 00:26:47,240
Speaker 1: we kind of already established Earlierright, the more choices somebody

517
00:26:47,440 --> 00:26:50,359
Speaker 1: is given, the better they are. Right Like, uh, when

518
00:26:50,760 --> 00:26:54,200
Speaker 1: when uh businesses compete, right, we get better products, better service,

519
00:26:54,240 --> 00:26:58,320
Speaker 1: better prices, etcetera. So, um, I like that there seems

520
00:26:58,320 --> 00:27:01,320
Speaker 1: to be a real push though for like the government

521
00:27:01,560 --> 00:27:05,720
Speaker 1: trying to take away school choice, right, like, um, what

522
00:27:05,760 --> 00:27:08,400
Speaker 1: do you think about that? Yeah? I mean the direction

523
00:27:08,440 --> 00:27:11,040
Speaker 1: that we're going is is alarming. I mean, and this

524
00:27:11,119 --> 00:27:13,480
Speaker 1: and and of course COVID has accelerated all this, and

525
00:27:13,720 --> 00:27:17,400
Speaker 1: interestingly enough, it's certainly woke a lot of people up

526
00:27:17,400 --> 00:27:19,679
Speaker 1: to that they could home school because they had to,

527
00:27:19,800 --> 00:27:21,719
Speaker 1: and so you've got more people that want to. And

528
00:27:21,720 --> 00:27:25,320
Speaker 1: then and now you've got some politicians talking about, you

529
00:27:25,320 --> 00:27:28,000
Speaker 1: know how that's what a disservice that is to children,

530
00:27:28,000 --> 00:27:31,600
Speaker 1: and we need to further regulator even ban homeschooling. I mean,

531
00:27:31,800 --> 00:27:34,159
Speaker 1: I think you'd have a revolution if you try to

532
00:27:34,200 --> 00:27:37,320
Speaker 1: do that. Um. But the direction that we're going is

533
00:27:37,359 --> 00:27:40,800
Speaker 1: you've said many times, is away from individual liberty and

534
00:27:40,840 --> 00:27:45,920
Speaker 1: more towards centrally planned economies and control by government. Now

535
00:27:46,280 --> 00:27:49,040
Speaker 1: I've also followed done only your work on cycles, but

536
00:27:49,200 --> 00:27:51,560
Speaker 1: the fourth turney and whatnot. And if we truly are

537
00:27:52,200 --> 00:27:55,040
Speaker 1: you know, at the in the in the fourth turning,

538
00:27:55,040 --> 00:27:57,440
Speaker 1: then we will have an awakening and be moving back

539
00:27:57,440 --> 00:27:59,720
Speaker 1: in the other direction soon. And I'm hopeful, for example,

540
00:27:59,760 --> 00:28:02,000
Speaker 1: that it that bitcoin is a big part of that

541
00:28:02,040 --> 00:28:05,560
Speaker 1: and accelerate that. But if if the government looks to

542
00:28:05,920 --> 00:28:09,239
Speaker 1: ban or regulate homeschooling, I think, uh, I think they

543
00:28:09,320 --> 00:28:11,480
Speaker 1: have a tough time doing it in many parts of

544
00:28:11,520 --> 00:28:13,919
Speaker 1: this country. UM. And I therefore, I don't think they

545
00:28:13,920 --> 00:28:16,800
Speaker 1: would try. Even though some of the folks are talking

546
00:28:16,800 --> 00:28:20,120
Speaker 1: about it. I consider that booting and hollering. That's sort

547
00:28:20,160 --> 00:28:22,600
Speaker 1: of reflective of the times that we live in today.

548
00:28:22,640 --> 00:28:25,159
Speaker 1: But I don't see it as a real threat right now. Yeah,

549
00:28:25,160 --> 00:28:28,040
Speaker 1: that's insane that these politicians think that they have the

550
00:28:28,119 --> 00:28:30,840
Speaker 1: right over your kids, you know, more than you Yeah,

551
00:28:31,160 --> 00:28:34,680
Speaker 1: I mean exactly. I mean and in some states going

552
00:28:34,720 --> 00:28:37,520
Speaker 1: as far as saying that, you know, a twelve year

553
00:28:37,520 --> 00:28:41,160
Speaker 1: old can make a decision to vaccinate or non vaccinate

554
00:28:41,240 --> 00:28:45,440
Speaker 1: against the wishes of their parents. I mean, you're you're

555
00:28:45,480 --> 00:28:49,400
Speaker 1: you're gonna destroy some families around that. And obviously those

556
00:28:49,440 --> 00:28:52,640
Speaker 1: are individual choices that families should make. But a twelve

557
00:28:52,720 --> 00:28:55,840
Speaker 1: year old is not summarign and and and not just that,

558
00:28:55,920 --> 00:28:59,800
Speaker 1: but uh, you know that could be uh, birth control,

559
00:29:00,120 --> 00:29:03,760
Speaker 1: you know, it could be abortion, it could be UM,

560
00:29:04,080 --> 00:29:08,400
Speaker 1: lots of things like that. Um, even now choosing what

561
00:29:08,480 --> 00:29:12,160
Speaker 1: gender they decide they want to be. UM. And if

562
00:29:12,160 --> 00:29:15,800
Speaker 1: you follow that logic, then like Okay, Well, then shouldn't

563
00:29:15,880 --> 00:29:19,000
Speaker 1: drinking and smoking be legal at fault? I mean, if

564
00:29:19,000 --> 00:29:21,720
Speaker 1: they can literally change their gender at twelve, they know

565
00:29:21,880 --> 00:29:24,600
Speaker 1: enough to change their whole life. They don't know enough

566
00:29:24,640 --> 00:29:27,680
Speaker 1: to have a cigarette or have a drink of alcohol, Like, right,

567
00:29:27,720 --> 00:29:32,080
Speaker 1: shouldn't shouldn't? Shouldn't we have both? It's neither so absurd? Yeah,

568
00:29:32,120 --> 00:29:34,920
Speaker 1: I mean, like, and if you're legally responsible as an

569
00:29:34,960 --> 00:29:37,840
Speaker 1: adult to care for and provide shelter and food and

570
00:29:38,520 --> 00:29:41,200
Speaker 1: uh and medical care for your children, then you you

571
00:29:41,240 --> 00:29:44,240
Speaker 1: absolutely have to have the authority to take those decisions.

572
00:29:44,280 --> 00:29:46,680
Speaker 1: But the fact that government would even think that they

573
00:29:46,680 --> 00:29:49,680
Speaker 1: can step in the situations like that, I mean, it's

574
00:29:49,760 --> 00:29:53,120
Speaker 1: it's reflective of the times. It's downright bos tragic, I

575
00:29:53,160 --> 00:29:55,680
Speaker 1: would take. Yeah. I mean, it just really goes to

576
00:29:55,760 --> 00:29:59,600
Speaker 1: show how much more, if you care, how much more

577
00:29:59,640 --> 00:30:02,400
Speaker 1: you need to be involved in your into your child's life.

578
00:30:02,400 --> 00:30:04,200
Speaker 1: And I think, um, you know a lot of things.

579
00:30:04,200 --> 00:30:05,880
Speaker 1: When the government tells you not to do drugs, it

580
00:30:05,920 --> 00:30:08,040
Speaker 1: doesn't make me want to go do drugs, But when

581
00:30:08,040 --> 00:30:09,640
Speaker 1: they start trying to tell me I have no power

582
00:30:09,720 --> 00:30:11,680
Speaker 1: over my kids, it makes me go, wait a minute,

583
00:30:11,680 --> 00:30:13,640
Speaker 1: what are you trying to do? Here like I maybe

584
00:30:13,640 --> 00:30:18,080
Speaker 1: I need more more control or more more input anyway, UM,

585
00:30:18,120 --> 00:30:20,600
Speaker 1: well that's great man. I love what you're doing. Um,

586
00:30:20,640 --> 00:30:22,320
Speaker 1: you did send me some books. I checked them out.

587
00:30:22,320 --> 00:30:24,240
Speaker 1: They were great. Like I said, I've been reading books

588
00:30:24,280 --> 00:30:28,719
Speaker 1: to my kids. Unfortunately, uh my youngest is she she

589
00:30:28,760 --> 00:30:30,720
Speaker 1: went through them, she liked them. She's still right there

590
00:30:30,720 --> 00:30:34,280
Speaker 1: on the bubble. Um. But man, I I just I

591
00:30:34,320 --> 00:30:37,520
Speaker 1: applaud what you're doing. Um, go after I'm young, you know,

592
00:30:37,640 --> 00:30:40,480
Speaker 1: get their brains thinking right, set them on a right foundation,

593
00:30:40,960 --> 00:30:43,960
Speaker 1: and even just um, you know, expand their thinking so

594
00:30:44,000 --> 00:30:46,840
Speaker 1: they learn how to think critically. I think, right, that's

595
00:30:46,840 --> 00:30:49,440
Speaker 1: a lot of kind of what it is. Yeah, and

596
00:30:49,600 --> 00:30:52,600
Speaker 1: you know in question the consensus, right, And you better

597
00:30:52,680 --> 00:30:55,800
Speaker 1: get them young because my oldest just turned twelve, and boy,

598
00:30:55,880 --> 00:30:59,280
Speaker 1: she doesn't listen to us anymore, and she's so you

599
00:30:59,360 --> 00:31:01,680
Speaker 1: gotta you got to get them while you can. Yeah,

600
00:31:01,720 --> 00:31:03,720
Speaker 1: you gotta start young. And that's a good, good piece

601
00:31:03,760 --> 00:31:05,760
Speaker 1: of advice for any young parents out there. I know.

602
00:31:05,840 --> 00:31:09,800
Speaker 1: My my youngest is twelve and was like last Halloween,

603
00:31:09,840 --> 00:31:12,520
Speaker 1: we were sitting down and like she's like arguing with

604
00:31:12,560 --> 00:31:15,480
Speaker 1: me about a stance that she has that I am

605
00:31:15,480 --> 00:31:18,400
Speaker 1: not happy with like her worldview is is not right

606
00:31:18,640 --> 00:31:21,440
Speaker 1: in my opinion, and uh she's like arguing it with me,

607
00:31:21,480 --> 00:31:24,200
Speaker 1: you know. And it's just like, yeah, you you need

608
00:31:24,240 --> 00:31:26,120
Speaker 1: to get whatever you want to get in their head.

609
00:31:26,160 --> 00:31:28,720
Speaker 1: Get in there when they're young, because as they get

610
00:31:28,720 --> 00:31:30,720
Speaker 1: older and they ain't gonna listen to you. And and

611
00:31:30,720 --> 00:31:33,560
Speaker 1: and then my oldest is in high school and uh, yeah,

612
00:31:33,760 --> 00:31:35,760
Speaker 1: she ain't listen to anything. Whatever I wanted to tell her,

613
00:31:35,800 --> 00:31:37,320
Speaker 1: I better have told her a couple of years ago.

614
00:31:37,400 --> 00:31:41,560
Speaker 1: So a little motivation to you young parents out there. Yeah,

615
00:31:41,680 --> 00:31:44,280
Speaker 1: I mean, if there anything like I was as a teenager,

616
00:31:44,320 --> 00:31:46,200
Speaker 1: I mean I won't see him for days at a time,

617
00:31:46,240 --> 00:31:50,080
Speaker 1: and they definitely won't listen to me. Yeah. So you

618
00:31:50,120 --> 00:31:52,240
Speaker 1: spend the time with your kids reading to them. It's

619
00:31:52,240 --> 00:31:55,480
Speaker 1: super powerful. Build that bond, increase their literacy, their literacy

620
00:31:56,240 --> 00:32:00,200
Speaker 1: also expand their mind. Um check out these books, um

621
00:32:00,200 --> 00:32:03,040
Speaker 1: where people gonna find them. Yeah. So it's a terrible

622
00:32:03,120 --> 00:32:05,280
Speaker 1: U r L the bad Daddy dot com. But I

623
00:32:05,320 --> 00:32:07,280
Speaker 1: started a few years ago before I knew what it

624
00:32:07,320 --> 00:32:09,240
Speaker 1: was gonna be when it grow grew up. And that's

625
00:32:09,240 --> 00:32:11,120
Speaker 1: what my son always called me when I tried to

626
00:32:11,160 --> 00:32:14,719
Speaker 1: discipline and but we have a really great offer. It's

627
00:32:14,760 --> 00:32:17,560
Speaker 1: an Alliance offer. If you joined the program, you get

628
00:32:17,600 --> 00:32:21,000
Speaker 1: one book every three months. You see on all of them,

629
00:32:21,040 --> 00:32:24,360
Speaker 1: so they're fifteen instead of But if you don't like

630
00:32:24,560 --> 00:32:27,960
Speaker 1: the first one, keep it. Let us know. We'll refund

631
00:32:27,960 --> 00:32:29,640
Speaker 1: your money. You don't, you don't even have to send

632
00:32:29,680 --> 00:32:33,760
Speaker 1: it back. It's that important that this story find your family. Nice.

633
00:32:33,880 --> 00:32:35,959
Speaker 1: We're gonna make sure that we link it in the

634
00:32:36,000 --> 00:32:39,320
Speaker 1: show notes down below. Uh so everybody can go check

635
00:32:39,360 --> 00:32:40,920
Speaker 1: that out if they want to spend some good time

636
00:32:40,960 --> 00:32:44,240
Speaker 1: with their kids and set them on the right track. Um.

637
00:32:44,480 --> 00:32:46,240
Speaker 1: Anything else that you want to say while we're while

638
00:32:46,240 --> 00:32:49,920
Speaker 1: we're still going, uh no, just that I really appreciate

639
00:32:50,000 --> 00:32:52,720
Speaker 1: all your work, marking for you having me on the show,

640
00:32:52,760 --> 00:32:54,600
Speaker 1: and for your audience. I mean we I think we

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Speaker 1: went through a similar pathway and I really appreciate that

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00:32:57,480 --> 00:33:00,080
Speaker 1: you getting the message out around sound money, around a

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00:33:00,120 --> 00:33:03,680
Speaker 1: point around finance as well. Yeah great, all right, Well

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Speaker 1: that we're gonna go ahead and sign it off. Thanks

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Speaker 1: so much for joining, and everyone check out the books,

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Speaker 1: see you great. Thank you guys. All Right,