Speaker 1: If you're watching this channel, then you already know that
Speaker 1: I put a massive premium onto education. I constantly pound
Speaker 1: the table on one pouring into our own education. And
Speaker 1: two that's why I like to teach information or education,
Speaker 1: So not only do I help share it, but I
Speaker 1: learn it even better. Education sits at the beginning of
Speaker 1: everything that we have. We need a curious mind to
Speaker 1: go seek the education, and it's the key to having
Speaker 1: success in every area of our life. Now, unfortunately, our
Speaker 1: school systems have taken the creativity out of us. They've
Speaker 1: taken the desire, the fun of building our own education out.
Speaker 1: But there's a way that we can get it back.
Speaker 1: There's people that are actively working on this. Now. You've
Speaker 1: heard the saying that you can't teach an old dog
Speaker 1: new tricks, and so rather we learned, we'd rather start
Speaker 1: teaching people how to learn properly at a young age.
Speaker 1: And that's what we're talking about today with today's guest.
Speaker 1: He saw the problem and he has found a solution.
Speaker 1: You came up with his own solution to find the
Speaker 1: things that need to be taught, um adapt them to
Speaker 1: a younger audience, and we dig in how that's being done.
Speaker 1: How the idea came out. How he's reshaping the future
Speaker 1: right now today, how you can use some of these
Speaker 1: tools to help reshape your future. The future so much
Speaker 1: good stuff to jump into, so let's go go ahead
Speaker 1: and get into it. Hey, everyone, welcome to the episode
Speaker 1: of the Market Disruptor Show on today. I'm joined by
Speaker 1: Phil Denniston. He is the founder of the publisher of
Speaker 1: Bad Daddy Publishing, something that I'm very excited about its education,
Speaker 1: but for a very very specific demographic we're talking about today. Phil,
Speaker 1: thanks so much for joining us. You bet market it's
Speaker 1: a pleasure to be here. I found you about eight
Speaker 1: twelve months ago, and you become quickly one of my
Speaker 1: favorite content creators. High quality, high quantity. I love awesome, Phil,
Speaker 1: I appreciate that. Yeah, you know, um I uh, I
Speaker 1: guess I love education. I've been doing a lot of it.
Speaker 1: I think that, um education is just the most important
Speaker 1: thing in the world. And not just education, but the
Speaker 1: right the right education, I should say, um, so something
Speaker 1: I've been super passionate about for the last I I
Speaker 1: wasn't passionate about it in school, but after school I
Speaker 1: I got a passion for it, and so I love
Speaker 1: to teach it as well, and just trying to help
Speaker 1: people see different things. I know you and I have
Speaker 1: had several conversations offline, um, but for everyone who doesn't know,
Speaker 1: why don't you kind of give us a little bit
Speaker 1: of a background on what it is that you're doing,
Speaker 1: what you're working on. Yeah. Absolutely, So we published what
Speaker 1: we call Better Bedtime Stories to educate kids and really
Speaker 1: their parents too, about finance and economics and not so
Speaker 1: much the mainstream, mainstream stuff that you can get elsewhere,
Speaker 1: but really what's behind it all, which is the dead
Speaker 1: based paper money system and how it works. And that's
Speaker 1: largely eight in this country because it really needs to
Speaker 1: be because of all the shenanigans that go on behind
Speaker 1: the scenes. I myself graduated from college in two thousand
Speaker 1: with an economics degree, and they never once mentioned Austrian economics.
Speaker 1: It was all Keynesianism and monetarism, and and the tech
Speaker 1: bubble was bursting at that time, and I thought, Okay,
Speaker 1: maybe once in a lifetime the powers that be might
Speaker 1: screw up in this way. And so for eight more
Speaker 1: years I kept reading mainstream stuff, and then in two
Speaker 1: thousand and eight, housing bubble burst and I'm like, I've
Speaker 1: got to really peel back the onion and understand what's
Speaker 1: what's really happening here and why it's happening, And that
Speaker 1: sort of led me down. I think a similar path
Speaker 1: as you understanding that the FIA up money was really
Speaker 1: the issue, and kind of you know, even going deeper
Speaker 1: from there. That's interesting. So, UM, you major in economics. Um.
Speaker 1: Of course all the universities today teach some version of
Speaker 1: Kinsian economics. UM. I don't tell you that, um. And
Speaker 1: so you were trained in that. That was of your
Speaker 1: worldview or the way that you viewed economics. And so
Speaker 1: when the two thousand eight crashs happened, you thought that
Speaker 1: maybe it was just a minor problem that caused it,
Speaker 1: they got it wrong just this one time, and that
Speaker 1: it probably wouldn't happen again. Is that right? That was
Speaker 1: kind of your view at that time. So, so that
Speaker 1: was the two thousand tech bubble, and it clearly was
Speaker 1: significant and not minor. But I I thought of it, maybe, Okay,
Speaker 1: this is one of these once in a lifetime or
Speaker 1: once in a generation things where things blow up in
Speaker 1: this way and you start learning about bubbles, and they
Speaker 1: typically did used to be more like once in a generation,
Speaker 1: because once a populist was you know, understood the implications
Speaker 1: of a bubble, they were less likely to walk right
Speaker 1: into one. But the fact that we did another even
Speaker 1: bigger eight years later, with the Great Financial Crisis and
Speaker 1: the housing bubble, that's what led me to stop following
Speaker 1: the mainstream financial information, which I was very attuned in,
Speaker 1: having graduated with an eat con degree and read a
Speaker 1: lot about investing in finance. And there's a lot of
Speaker 1: good mainstream financial information, but what they don't teach you,
Speaker 1: really it is not only the Austrian school, but the
Speaker 1: the issues with Fiat money, and we really call it
Speaker 1: the the root of all the world's biggest, most intractable problems.
Speaker 1: And that kind of led me to think that these
Speaker 1: are the kinds of things that I should have learned
Speaker 1: growing up, whether from school or from my parents. And
Speaker 1: some of my my earliest memories, of course, are reading
Speaker 1: books with with my parents Dr SEUs and um, you know,
Speaker 1: the Cat and Hattan whatnot. And I thought, every night
Speaker 1: I read to my kids. I've got four kids now,
Speaker 1: ages three to twelve, and for a while, I mean,
Speaker 1: it was fun. The day the crowns quit, Uh, you
Speaker 1: know Dr Susan whatnot, But I thought would have missed opportunity.
Speaker 1: You know, we're spending an hour at night and we're
Speaker 1: having fun, but we're not learning anything. Let me see
Speaker 1: if I could teach them some of the lessons that
Speaker 1: I've learned in life the hard way, uh, and make
Speaker 1: them indelible memories in their minds in the same way
Speaker 1: that I remember, you know Dr SEUs as a kid
Speaker 1: and so um. The first one is where does money
Speaker 1: come from? It's really all about the difference between sound
Speaker 1: and fiadd money, and then we go into debt, the
Speaker 1: debt based money system money itself. You know, it has
Speaker 1: to keep growing through the issuance of new debt, as
Speaker 1: you and your audience know well. And that's why our
Speaker 1: kids are sort of poked and product and go to
Speaker 1: to get launched in the world at eighteen years old
Speaker 1: and get pulled into a broken higher education system to
Speaker 1: rack up tens of thousand dollars in debt. And so
Speaker 1: these are the things they should learn that no one's
Speaker 1: teaching him. Hey, hold up just for a second. I
Speaker 1: want to tell you about something. I just got something
Speaker 1: cool in the mail I want to show you, and
Speaker 1: it is this new sleek package I just got with
Speaker 1: a brand new credit card. This isn't just any credit card.
Speaker 1: This is a Block five credit card that's powered by
Speaker 1: Visa and it's backed by bitcoin reward. So this is
Speaker 1: a Visa card. I can use it anywhere in the
Speaker 1: world that visas accepted. And the benefit of this Block
Speaker 1: five Visa card is that I get paid back in bitcoin.
Speaker 1: Most of my other cards pay me in some sort
Speaker 1: of reward points. I get airline miles. Um, I'm not
Speaker 1: very good at using those. They end up accumulating and
Speaker 1: I'm doing anything with them, but getting to earn bitcoin
Speaker 1: back with every single purchase is of course something that
Speaker 1: matters to me. Now. I know for a lot of
Speaker 1: people they say that the price of bitcoin is too high,
Speaker 1: So I say, well, you can always earn bitcoin. You
Speaker 1: can get paid in bitcoin, or you can just get
Speaker 1: cash back rewards on every purchase paid in bitcoin with
Speaker 1: the Block fight Visa credit card used everywhere that Visa
Speaker 1: is accepted. And if you want to sign up for
Speaker 1: the Visa card that pays back in bitcoin from Blackboy,
Speaker 1: there is a link in the description down below. Check
Speaker 1: it out. Yeah, it's interesting. Um, I want to go back,
Speaker 1: you kind of ran around a little bit farther. I
Speaker 1: just want to go back a little bit, um, because
Speaker 1: I think it's important to understand. I mean, as you're saying, right,
Speaker 1: these lessons that you could have learned, or you should
Speaker 1: have learned, or you should have known, right, trying to
Speaker 1: pass that on um. And it's interesting though, like even
Speaker 1: from the kinseiean uh worldview. I mean, I guess you
Speaker 1: could say maybe two thousand was a fluke, but I
Speaker 1: guess now, I guess, not knowing what you now know. Um,
Speaker 1: looking backwards, I mean, isn't a isn't it just a
Speaker 1: series of escalating bubbles that we've just had, right? I mean,
Speaker 1: I mean we had the Black Monday in Night seven,
Speaker 1: we had the seventies crashed, the eighties seven crash, and
Speaker 1: we can go back and it's just like a series
Speaker 1: of escalating bubbles. Of course, now looking at two thousand
Speaker 1: and eight and then even what happened in two thousand
Speaker 1: twenty as reference, you can see that the bubbles just
Speaker 1: get bigger and bigger and bigger, right, exactly right, I mean,
Speaker 1: the amplitude just keeps getting bigger, and of course you
Speaker 1: know you could track it to to nineteen seventy one.
Speaker 1: I mean when when we went on, three days from today,
Speaker 1: it will be the fiftieth anniversary of the UH of
Speaker 1: the broken debt based money system. And now it's global
Speaker 1: because in history, where where countries tried fiat money or
Speaker 1: paper money, it was regional, but now it's global. And
Speaker 1: I agree with you completely. They're getting bigger and the
Speaker 1: only way to prevent more of the next one, which
Speaker 1: will be huge. I mean, we we at this point
Speaker 1: face either you know, a destruction of the currency through
Speaker 1: inflation or massive deflation correcting the decades of malinvestment that
Speaker 1: have been trying to ripple through the system in eighty
Speaker 1: seven and two thousand and two thousand and eight, and
Speaker 1: and the FED comes along and fights that with more
Speaker 1: money printing and pushing interest rates down, which just causes
Speaker 1: economic distortions. Yeah, I mean, uh, it's it's it's almost
Speaker 1: like the markets continues to try to correct itself. Um,
Speaker 1: it keeps trying to purge itself of this uh you know,
Speaker 1: this inflation that the Fed is created. And every time
Speaker 1: it rejects that inflation and starts to deflate, Um, they
Speaker 1: go back and try to pump the balloon back up. Yeah,
Speaker 1: that's the cleansing trying to happen, and it's it's painful
Speaker 1: when it happens because people will, you know, go bankrupt
Speaker 1: and lose their homes and lose their jobs. But that
Speaker 1: isn't the problem. That's the consequence of the money printing,
Speaker 1: which is the problem. And listen, if you gave me
Speaker 1: the ability to print money, I probably would. It would
Speaker 1: be very difficult for anybody not to even if you
Speaker 1: think that you're saving the world and saving the whales
Speaker 1: and you know, et cetera. The ability to print money
Speaker 1: is not something that that humans you know, can can
Speaker 1: with can cannot do uh in good conscience. So of
Speaker 1: course it's happening and we shouldn't be surprised. Yeah, now
Speaker 1: all the education piece. A quote that I like to
Speaker 1: throw around often was Henry Ford from about a hundred
Speaker 1: years ago, and he said, if the American people knew
Speaker 1: how the banking system worked, there would be a revolution
Speaker 1: before the morning. Like they wouldn't even put up with
Speaker 1: it for a minute, like before even sunrise came up,
Speaker 1: they'd be already revolting. And of course that was over
Speaker 1: a hundred years ago, so imagine how much worse the
Speaker 1: banking system is today than it was back then. UM
Speaker 1: I would say that, UM, I guess to found how
Speaker 1: cynical your world view is. UM. It's at least been
Speaker 1: intentionally withheld from any education and potentially even misled through
Speaker 1: education of exactly how the banking system work, what money is,
Speaker 1: how money worked, how the banking system worked, etcetera. Do
Speaker 1: you hold that same view? I absolutely do. I mean, no,
Speaker 1: they can't teach you how it works because that would
Speaker 1: reveal the con and and and there's no way that
Speaker 1: the populace would would would stand for it. In fact,
Speaker 1: I mean the Constitution itself basically precludes it. It says
Speaker 1: that Congress shall make nothing money except gold and silver,
Speaker 1: but that of course is ignored at this point. I mean,
Speaker 1: the creature from Jakol Island is a great place to
Speaker 1: start about. How the FED was created in nineteen thirteen
Speaker 1: when the bankers got together, and the whole thing has
Speaker 1: been cloaked in secretsy since. And of course it benefits
Speaker 1: the bankers and those closest to them, and the government
Speaker 1: that gets to spend. And so these are the folks
Speaker 1: pulling the strings and in charge. So it's absolutely intentionally omitted,
Speaker 1: and we are also misled in a I wouldn't say
Speaker 1: it's overt necessarily, it's sort of group think. It's like,
Speaker 1: you know, we're led to believe that the money system
Speaker 1: is the only way that it could be in just
Speaker 1: the way that it should be, and there wouldn't necessarily
Speaker 1: be any other way to structure things, and that's definitely
Speaker 1: not the case. M So it's not not even So
Speaker 1: then I guess those the two options I gave. One
Speaker 1: it's being intentionally left out. The other was even potentially
Speaker 1: being misled. And so I guess you're opting for more
Speaker 1: of the misled where they're teaching you that we have
Speaker 1: to have inflation, the money supply has to grow. How
Speaker 1: can the economy grow if the money supply doesn't grow, right,
Speaker 1: I guess, And so they're really ingraining that in your head,
Speaker 1: and I see that all the time from people are like,
Speaker 1: oh no, well, if if the money supply doesn't doesn't grow,
Speaker 1: then how can the economy grow? I guess, So those
Speaker 1: some of those things that you're you're seeing. Yes, but
Speaker 1: I would say that the money system that we have today,
Speaker 1: really it is necessary to have inflation because it would
Speaker 1: be because every dollar is issued as debt. There is
Speaker 1: no dollar that exists today there wasn't first issued as
Speaker 1: a loan, and that loan requires repayment of principle plus interest.
Speaker 1: So the system the way it is designed today actually
Speaker 1: does need inflation. It doesn't need consumer price inflation necessarily,
Speaker 1: but it needs the issuance of new money, which causes
Speaker 1: consumer price inflation. So they say they need a two
Speaker 1: percent inflation target essentially as an excuse to continue issuing
Speaker 1: more money, to get people to go deeper and deeper
Speaker 1: into debt and to encourage the you know, for the
Speaker 1: government to keep borrowing, because if if they don't do that,
Speaker 1: you get massive debt deflation because there aren't enough dollars
Speaker 1: in the system to repay the loans that are simply
Speaker 1: issued in the creation of money. So the system doesn't
Speaker 1: have to be designed like it is today. It benefits
Speaker 1: them that them that it is, and because it's designed
Speaker 1: this way, we actually do need inflation, not necessarily in
Speaker 1: in prices going up, but we need more money which
Speaker 1: causes those prices to go up. Let me just clarify this. So, um,
Speaker 1: what you're saying is given the current existing debt based
Speaker 1: system that we have today. In order for it to
Speaker 1: continue to pretend to work, we have to have inflation.
Speaker 1: But we don't need that system. We should have a
Speaker 1: different system that wouldn't depend on inflation. Would that be right? Absolutely? Yep, alright,
Speaker 1: So what kind of other system would it be? So traditionally,
Speaker 1: from you know, five thousand years, what worked best in
Speaker 1: the free market was gold and silver, uh, And that's
Speaker 1: that was simply a commodity money that was in using
Speaker 1: precious battles that was limited in supply. And there's a
Speaker 1: fairness to that because in order to obtain gold indoor silver,
Speaker 1: you either need to dig it out of the ground
Speaker 1: and do that work, or you need to create value
Speaker 1: in the marketplace by trading goods and services for it.
Speaker 1: And that's a system that's fair. You wouldn't have a
Speaker 1: government that can suddenly create gold and silver out enough.
Speaker 1: It has to be obtained through taxation in the case
Speaker 1: of government, or again dug from the ground, or earned
Speaker 1: through through work or trade. So for five thousand years,
Speaker 1: that's always worked best in human history. And there's been
Speaker 1: countless experiments where they where they tried paper instead. Going
Speaker 1: back to China or John Lawn France, and that always
Speaker 1: ends in debacle and a hyper inflation. Um. So gold
Speaker 1: and silver traditionally is the right way to do it.
Speaker 1: And I'm absolutely enamored with the bitcoin story. I think
Speaker 1: that could be the beautiful awakening, the solution to the
Speaker 1: very crux of the problem, at the apex of the problem.
Speaker 1: And it's untested, it's new, but conceptually I'm definitely beginning
Speaker 1: to to love the bitcoin story, and not as a
Speaker 1: substitute or replacement for gold and silver. I think free
Speaker 1: market alternatives to money are going sure when when people
Speaker 1: have more choices, the people win, right. So Um, of
Speaker 1: course it's always about competition. Um. You know there's uh
Speaker 1: in regards to that. Just real quickly, you kind of said,
Speaker 1: you know, gold and silver's work five thousand years. There's
Speaker 1: been periods of John Law like where they try to
Speaker 1: get back into paper. You said it he was in
Speaker 1: the debacle. Um. And I think that therein lies the
Speaker 1: crux of the argument. It's man that's the problem, because
Speaker 1: as you said earlier that, um, if you had a
Speaker 1: chance to print money, you would, right and so like
Speaker 1: what man, human nature wouldn't want to get something for free,
Speaker 1: free lunch, so to speak. And so from the beginning
Speaker 1: of time, they've had alchemy trying to turn you know,
Speaker 1: uh nothing into gold, or they debased currencies to create more.
Speaker 1: And it's the man piece. And so that's where the
Speaker 1: beauty of bitcoin comes into play, where it removes man
Speaker 1: and it puts code and it puts immutable code into place.
Speaker 1: And so to your point, you know, eleven twelve years
Speaker 1: isn't enough to prove it out. What every year makes
Speaker 1: it makes it stronger? Um so, um, so you see
Speaker 1: this problem. You had to have your own eyes weight,
Speaker 1: you know, opened up. I should say, right, you're you're
Speaker 1: top kinzie. In all of a sudden you kind of
Speaker 1: learned a different way. You believe that to be a
Speaker 1: better way. You recognize that education is powerful, and I
Speaker 1: guess the best place to start educating is at kids.
Speaker 1: Uh As you said you were kind of reading to
Speaker 1: your kids. Um, I have two kids and we read
Speaker 1: to them every single night, and I love that. Unfortunately
Speaker 1: too old now they don't want me to read them anymore.
Speaker 1: But but yeah, it isn't it is an amazing opportunity.
Speaker 1: How do you think through Um, I guess just the
Speaker 1: topics that you think kids should be learning at that
Speaker 1: young of an age. Yeah, and this is looks certainly
Speaker 1: I've been called crazy by by a lot of people
Speaker 1: that that I would introduce these topics to kids as
Speaker 1: young as three, because I've started with my three year old.
Speaker 1: But the the important thing I think with that is
Speaker 1: the repetition, because it's a nightly ritual. You're not necessarily
Speaker 1: reading the same book every night, but you go back
Speaker 1: to it every week or two, and so they really
Speaker 1: begin to understand stand the concepts through time, and you, uh,
Speaker 1: it's an opportunity for discussion around those things. Um. But yeah,
Speaker 1: I mean first justifying what money is and what it
Speaker 1: is and and and and that really the difference between
Speaker 1: sound and fia. And that's very actually accessible to a
Speaker 1: child because and and I actually have my kids saving
Speaker 1: in silver now too. We've got a system where when
Speaker 1: they earn money around the house, you know, they get
Speaker 1: paid and sober. And they've been we've been doing that
Speaker 1: for the last couple of years, um, actually four or
Speaker 1: five years now, so they've seen the price of silver
Speaker 1: fluctuating that time. They're you know, they're up on that
Speaker 1: and they can trade it out for cash if there's
Speaker 1: something they want to buy. But we take the lessons
Speaker 1: from the books and we try to apply them in
Speaker 1: real life and debt. Yeah, it's it's early to you know,
Speaker 1: three year old doesn't get dead. But again, you read
Speaker 1: it in three or four or five, six, seven, and
Speaker 1: they start to internalize those concepts. So it's not Uh.
Speaker 1: And by the way, when my kids, I truly could
Speaker 1: be reading them just about anything because what they really
Speaker 1: enjoy is the time that they spend with me every
Speaker 1: night in the conversations we have. So it's untested because
Speaker 1: we're fairly new to the marketplace, but but we believe
Speaker 1: in the content. Yeah. No, I agree. Like I said,
Speaker 1: I mean, we read our kids every single night, and
Speaker 1: I'm sad we don't get to do that anymore. But
Speaker 1: it is to your point, it's that time that's spent
Speaker 1: together that's super powerful. But um, you know understand the
Speaker 1: way that people learn. Kids learned specifically right through through reputation. Um.
Speaker 1: I had a I had a conversation with a friend
Speaker 1: who's a educator a teacher, and we were talking about
Speaker 1: the merits of college and she throughout the media headline
Speaker 1: to me that everybody needs an education, And I said, Okay, sure,
Speaker 1: everyone needs to be educated. You tell me what do
Speaker 1: they need to be educated in? And like she just
Speaker 1: drew a blank. I don't know. And I'm like, well,
Speaker 1: I could tell you what I think people should be
Speaker 1: educated in, Like how about like communication? How about time management?
Speaker 1: How about you know, and I throughout a list of things.
Speaker 1: So I'm curious, do you have like a list of
Speaker 1: things that you think that like kids should be learning
Speaker 1: that sets them up for life. And then you start
Speaker 1: working off of that, We're like, uh, kind of what's
Speaker 1: your view on that or your process. I just wanted
Speaker 1: to take a second to explain to you one more
Speaker 1: time just how cool having this new block Fight Visa
Speaker 1: credit card is. I'm starting to move a lot of
Speaker 1: my bills over to get paid from this. Of course
Speaker 1: all my business supplies. I'm starting to pay for this
Speaker 1: my advertising budgets, and I'm starting to run as much
Speaker 1: as i can through it because I'm getting paid a
Speaker 1: percentage back of every single transaction in bitcoin. We want
Speaker 1: to save in bitcoin because bitcoin is an asset that
Speaker 1: goes up in value because of the deflationary nature of it,
Speaker 1: and we want to spend our fiat. So I'm spending
Speaker 1: my Fiat through my Block five visa card, and I'm
Speaker 1: getting back bitcoin that I can save and I can hold.
Speaker 1: I expected to go up in value a lot. I
Speaker 1: expect to hold my bitcoin. I'm gonna pass it to
Speaker 1: my kids and my grandkids and hopefully my great grandkids
Speaker 1: will have my bitcoin one day. So I'm gonna save it.
Speaker 1: I'm gonna spend my Fiat through this card, and I'm
Speaker 1: gonna earn back bitcoin that I'm want to save. If
Speaker 1: you want to get one, there's a link down below. Yeah.
Speaker 1: So for now we're focused on finance and finance related
Speaker 1: issues because that is my passion and it's what I've
Speaker 1: been doing for so long. I should probably uh, the
Speaker 1: other things they don't teach you in school that are
Speaker 1: so important, of course our relationship skills, but that's probably
Speaker 1: not my specialty. Um. But but we doug tail from finance.
Speaker 1: So again, first we kind of got to talk about
Speaker 1: what is money sound if you have been been dead?
Speaker 1: Then we talked about the big bad business cycle, which
Speaker 1: is essentially the FEDS, you know, increasing amplitude of every
Speaker 1: larger bubble and bus, which will not only destroy you
Speaker 1: financially if you don't understand it. But if you do
Speaker 1: understand it, it can help help you create massive amounts
Speaker 1: of generational wealth. And the latest book is The Madness
Speaker 1: of Crowds, where we really talk about you know, that
Speaker 1: one quirk insider evolutionary brain that makes it very difficult
Speaker 1: for us to question the consensus of the herd because
Speaker 1: you know, and when we lived in tribes, if we
Speaker 1: were excommunicated from the tribe, we would be picked off
Speaker 1: by a predator. We wouldn't make it through the winter.
Speaker 1: So we can't and social media makes this very hard
Speaker 1: because you see a feed of information that looks like
Speaker 1: what they want you to think, or what your group
Speaker 1: of friends are all thinking. And to to be the
Speaker 1: question that consensus is very difficult. But that again can
Speaker 1: lead to peril. So we talked about with trials and
Speaker 1: financial bubbles and global pandemics, you know, most of which
Speaker 1: were in the middle of right now, and how we
Speaker 1: need to think independently and do our own research. At
Speaker 1: any time that you you know that you're you're afraid
Speaker 1: that you have fear or greed as a result of
Speaker 1: what the herd is doing, that's a that's the time
Speaker 1: to take a step back and make sure you understand
Speaker 1: the real motivations and what's happening around here. Yeah, that's great.
Speaker 1: I mean really getting to the base of this and
Speaker 1: that's really where Austrian economics really differs from traditional economics
Speaker 1: is understanding that it all comes from human action. Um.
Speaker 1: And so then you have to understand what that human
Speaker 1: action is, like something like you've talked about. UM. So
Speaker 1: that's so that's pretty good. I'm curious, like what kind
Speaker 1: of books have been instrumental in helping this, Like, for example, um,
Speaker 1: there's another set of kids books that are written by
Speaker 1: the Tunnel Twins, and like they have one called The
Speaker 1: Road Deserved Them, which is one of the most important
Speaker 1: books I think everybody should read, which is Hyak wrote
Speaker 1: The Road Deserved Them and they tried to kind of
Speaker 1: make a version of it for kids. Uh. Have you
Speaker 1: looked at some books and kind of done something like
Speaker 1: that or they all kind of like your own, um
Speaker 1: lessons that you've kind of come up with. So first
Speaker 1: of all, yeah, I absolutely love the Tunnel Twins. Um. Yeah.
Speaker 1: And after I started doing this project, I served, is
Speaker 1: there anybody else doing anything like this? And that's when
Speaker 1: I found the Tunnel Twins. So we recommend those as well. Um,
Speaker 1: we're focused you know, more more focused on on on
Speaker 1: the money side, not just uh you know, not the
Speaker 1: not the wide or libertarian economic side. But ours are
Speaker 1: completely original. But I love what I think is this
Speaker 1: Connor Boy act is doing and basically taking the Austrian
Speaker 1: the great Austrian economists and translating it into individual stories
Speaker 1: about those tuddle tums. But ours are completely original. Yeah, yeah, good, Yeah,
Speaker 1: I was just more curious about, Like I said, I'm
Speaker 1: trying to understand, like what are you trying to teach?
Speaker 1: Like where do you get the inspiration from, um, etcetera.
Speaker 1: So I guess it's just kind of some lessons that
Speaker 1: you think are powerful and way that you can translate
Speaker 1: them to the kids. Yeah, really centered around the money
Speaker 1: system and and and and fiad versus sound. In fact,
Speaker 1: our fifth book that we're working on now is the
Speaker 1: Bitcoin Book, and it's really going to try to tell
Speaker 1: that that bitcoint story to uh to a much younger audience. Now,
Speaker 1: what about the traditional education system that we have right now?
Speaker 1: We've already talked about obviously like withholding some of this stuff. UM,
Speaker 1: I'm guessing in your books are are your your books
Speaker 1: are more geared for like elementary age children. Have you
Speaker 1: tried to talk to any school systems about getting them
Speaker 1: in there like anything like that? No, I haven't. I
Speaker 1: haven't spent any time founding the pavement with schools. But
Speaker 1: home schoolers tend to flock to us. So a lot
Speaker 1: of our subscribers or home schoolers because they recognize, really,
Speaker 1: you have to take charge of your own children's education.
Speaker 1: And then public libraries and rural towns have found us too,
Speaker 1: and they tend to like us. Um, I've got a
Speaker 1: day job, and so mostly I turned out the books
Speaker 1: as a labor of love and need to focus a
Speaker 1: little more on the marketing approach. But people do find
Speaker 1: us through word of mouth, and they tend to be
Speaker 1: that type, the libertarians, the homeschoolers, um. People that that
Speaker 1: don't necessarily associate very heavily with either mainstream political party.
Speaker 1: Instead they do their own research. Do you home school
Speaker 1: your kids? We did? My wife did? We do? Not?
Speaker 1: Right now they're in a private Montessori But now that
Speaker 1: we have four, because we had two older ones and
Speaker 1: then we had twins, and the twins canater was just
Speaker 1: impossible to try to do anything really, so they're they're
Speaker 1: my olders are in school and the twins are will
Speaker 1: be starting preschool in the Okay, would it be something
Speaker 1: that you would consider again at some point? So so
Speaker 1: I find I'm too busy. I believe in it. Um
Speaker 1: but but but but it was my wife that was
Speaker 1: doing it, and I would support her to do it.
Speaker 1: But I personally, unfortunately, at this time in my life,
Speaker 1: it's just too busy to give it the attention that
Speaker 1: it needs. Yeah, that's that's how I am as well.
Speaker 1: We're homeschooling our kids right now. They're they're you know,
Speaker 1: they're they're taking an online curriculum that they're going through. Um. Yeah,
Speaker 1: I wish I could be more involved as part of
Speaker 1: their teacher. But I but I can't do that either.
Speaker 1: But it is good for everybody to be more involved
Speaker 1: at least be aware of what they're doing. I mean,
Speaker 1: school choice is a big thing. Like like we like
Speaker 1: we kind of already established Earlierright, the more choices somebody
Speaker 1: is given, the better they are. Right Like, uh, when
Speaker 1: when uh businesses compete, right, we get better products, better service,
Speaker 1: better prices, etcetera. So, um, I like that there seems
Speaker 1: to be a real push though for like the government
Speaker 1: trying to take away school choice, right, like, um, what
Speaker 1: do you think about that? Yeah? I mean the direction
Speaker 1: that we're going is is alarming. I mean, and this
Speaker 1: and and of course COVID has accelerated all this, and
Speaker 1: interestingly enough, it's certainly woke a lot of people up
Speaker 1: to that they could home school because they had to,
Speaker 1: and so you've got more people that want to. And
Speaker 1: then and now you've got some politicians talking about, you
Speaker 1: know how that's what a disservice that is to children,
Speaker 1: and we need to further regulator even ban homeschooling. I mean,
Speaker 1: I think you'd have a revolution if you try to
Speaker 1: do that. Um. But the direction that we're going is
Speaker 1: you've said many times, is away from individual liberty and
Speaker 1: more towards centrally planned economies and control by government. Now
Speaker 1: I've also followed done only your work on cycles, but
Speaker 1: the fourth turney and whatnot. And if we truly are
Speaker 1: you know, at the in the in the fourth turning,
Speaker 1: then we will have an awakening and be moving back
Speaker 1: in the other direction soon. And I'm hopeful, for example,
Speaker 1: that it that bitcoin is a big part of that
Speaker 1: and accelerate that. But if if the government looks to
Speaker 1: ban or regulate homeschooling, I think, uh, I think they
Speaker 1: have a tough time doing it in many parts of
Speaker 1: this country. UM. And I therefore, I don't think they
Speaker 1: would try. Even though some of the folks are talking
Speaker 1: about it. I consider that booting and hollering. That's sort
Speaker 1: of reflective of the times that we live in today.
Speaker 1: But I don't see it as a real threat right now. Yeah,
Speaker 1: that's insane that these politicians think that they have the
Speaker 1: right over your kids, you know, more than you Yeah,
Speaker 1: I mean exactly. I mean and in some states going
Speaker 1: as far as saying that, you know, a twelve year
Speaker 1: old can make a decision to vaccinate or non vaccinate
Speaker 1: against the wishes of their parents. I mean, you're you're
Speaker 1: you're gonna destroy some families around that. And obviously those
Speaker 1: are individual choices that families should make. But a twelve
Speaker 1: year old is not summarign and and and not just that,
Speaker 1: but uh, you know that could be uh, birth control,
Speaker 1: you know, it could be abortion, it could be UM,
Speaker 1: lots of things like that. Um, even now choosing what
Speaker 1: gender they decide they want to be. UM. And if
Speaker 1: you follow that logic, then like Okay, Well, then shouldn't
Speaker 1: drinking and smoking be legal at fault? I mean, if
Speaker 1: they can literally change their gender at twelve, they know
Speaker 1: enough to change their whole life. They don't know enough
Speaker 1: to have a cigarette or have a drink of alcohol, Like, right,
Speaker 1: shouldn't shouldn't? Shouldn't we have both? It's neither so absurd? Yeah,
Speaker 1: I mean, like, and if you're legally responsible as an
Speaker 1: adult to care for and provide shelter and food and
Speaker 1: uh and medical care for your children, then you you
Speaker 1: absolutely have to have the authority to take those decisions.
Speaker 1: But the fact that government would even think that they
Speaker 1: can step in the situations like that, I mean, it's
Speaker 1: it's reflective of the times. It's downright bos tragic, I
Speaker 1: would take. Yeah. I mean, it just really goes to
Speaker 1: show how much more, if you care, how much more
Speaker 1: you need to be involved in your into your child's life.
Speaker 1: And I think, um, you know a lot of things.
Speaker 1: When the government tells you not to do drugs, it
Speaker 1: doesn't make me want to go do drugs, But when
Speaker 1: they start trying to tell me I have no power
Speaker 1: over my kids, it makes me go, wait a minute,
Speaker 1: what are you trying to do? Here like I maybe
Speaker 1: I need more more control or more more input anyway, UM,
Speaker 1: well that's great man. I love what you're doing. Um,
Speaker 1: you did send me some books. I checked them out.
Speaker 1: They were great. Like I said, I've been reading books
Speaker 1: to my kids. Unfortunately, uh my youngest is she she
Speaker 1: went through them, she liked them. She's still right there
Speaker 1: on the bubble. Um. But man, I I just I
Speaker 1: applaud what you're doing. Um, go after I'm young, you know,
Speaker 1: get their brains thinking right, set them on a right foundation,
Speaker 1: and even just um, you know, expand their thinking so
Speaker 1: they learn how to think critically. I think, right, that's
Speaker 1: a lot of kind of what it is. Yeah, and
Speaker 1: you know in question the consensus, right, And you better
Speaker 1: get them young because my oldest just turned twelve, and boy,
Speaker 1: she doesn't listen to us anymore, and she's so you
Speaker 1: gotta you got to get them while you can. Yeah,
Speaker 1: you gotta start young. And that's a good, good piece
Speaker 1: of advice for any young parents out there. I know.
Speaker 1: My my youngest is twelve and was like last Halloween,
Speaker 1: we were sitting down and like she's like arguing with
Speaker 1: me about a stance that she has that I am
Speaker 1: not happy with like her worldview is is not right
Speaker 1: in my opinion, and uh she's like arguing it with me,
Speaker 1: you know. And it's just like, yeah, you you need
Speaker 1: to get whatever you want to get in their head.
Speaker 1: Get in there when they're young, because as they get
Speaker 1: older and they ain't gonna listen to you. And and
Speaker 1: and then my oldest is in high school and uh, yeah,
Speaker 1: she ain't listen to anything. Whatever I wanted to tell her,
Speaker 1: I better have told her a couple of years ago.
Speaker 1: So a little motivation to you young parents out there. Yeah,
Speaker 1: I mean, if there anything like I was as a teenager,
Speaker 1: I mean I won't see him for days at a time,
Speaker 1: and they definitely won't listen to me. Yeah. So you
Speaker 1: spend the time with your kids reading to them. It's
Speaker 1: super powerful. Build that bond, increase their literacy, their literacy
Speaker 1: also expand their mind. Um check out these books, um
Speaker 1: where people gonna find them. Yeah. So it's a terrible
Speaker 1: U r L the bad Daddy dot com. But I
Speaker 1: started a few years ago before I knew what it
Speaker 1: was gonna be when it grow grew up. And that's
Speaker 1: what my son always called me when I tried to
Speaker 1: discipline and but we have a really great offer. It's
Speaker 1: an Alliance offer. If you joined the program, you get
Speaker 1: one book every three months. You see on all of them,
Speaker 1: so they're fifteen instead of But if you don't like
Speaker 1: the first one, keep it. Let us know. We'll refund
Speaker 1: your money. You don't, you don't even have to send
Speaker 1: it back. It's that important that this story find your family. Nice.
Speaker 1: We're gonna make sure that we link it in the
Speaker 1: show notes down below. Uh so everybody can go check
Speaker 1: that out if they want to spend some good time
Speaker 1: with their kids and set them on the right track. Um.
Speaker 1: Anything else that you want to say while we're while
Speaker 1: we're still going, uh no, just that I really appreciate
Speaker 1: all your work, marking for you having me on the show,
Speaker 1: and for your audience. I mean we I think we
Speaker 1: went through a similar pathway and I really appreciate that
Speaker 1: you getting the message out around sound money, around a
Speaker 1: point around finance as well. Yeah great, all right, Well
Speaker 1: that we're gonna go ahead and sign it off. Thanks
Speaker 1: so much for joining, and everyone check out the books,
Speaker 1: see you great. Thank you guys. All Right,