It is very important to know what freedom is and what it is not. Only then can one recognize whether one is living in freedom or not, and whether it is being taken away secretly or quite openly. As Johann Wolfgang von Goethe already said: “None are more hopelessly enslaved than those who falsely believe they are free.” The call to freedom must always also be a call to oppose lies, self-deception, and information control. The call to freedom is therefore first and foremost a call to truth. Recorded on October 27, 2026.
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25 Oct 2026
Ep. 509 I AUFRUF ZUR FREIHEIT
Es ist sehr wichtig, dass man weiß, was Freiheit ist und was nicht. Denn nur so kann man erkennen, ob man in Freiheit lebt oder nicht, ob sie einem heimlich oder ganz offen genommen wird. Denn wie sagte schon Johann Wolfgang von Goethe: „Niemand ist mehr Sklave, als der sich für frei hält, ohne es zu sein.“ Der Aufruf zur Freiheit muss immer auch ein Aufruf sein, Lügen, Selbsttäuschungen und Informationskontrolle entgegenzutreten. Der Aufruf zur Freiheit ist also zuallererst auch ein Aufruf zur Wahrheit. Aufgenommen am 25. Oktober 2026.
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23 Oct 2026
Ep. 508 I THE ABCT AND THE DEMAND FOR MONEY—PLUS THE ‘STABLECOIN EFFECT’
In this podcast I explain the role of money demand in the Austrian Business Cycle Theory (ABCT). I would like to present the results upfront: (1) Changes in money demand do not trigger a boom-bust cycle, regardless of whether they are caused by a change in the demand for present goods and/or a change in people’s time preference. (2) The greater the interest-rate sensitivity of money demand in the ABCT, the smaller the effect that changes in the demand for money (due to changes in time preference) have on savings, consumption, investment, and the market interest rate. (3) If the demand for money declines as the demand for stablecoins increases, the ABCT diagnoses a boom-bust cycle, even if people’s time preference remains unchanged. — A talk held at the 10th Madrid Conference on Austrian Economics 21—23 October 2026, recorded on 22 October 2026.
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