“It occurred to me that Germ vs Terrain Theory is similar to what I’ve witnessed in the world of economics and the discussion of sound money versus inflationary monetary policy. The Austrian economics of the last 150 years was essentially hidden from me by the Keynesian dominant economic model of today.

I didn’t even know Austrian economics was an option. What do you mean there’s a form of money called sound money that stores value over time? That can't be right... Money is something that the government controls via the central bank. They have an interest rate, they can increase or decrease the cost of lending depending on how hot or cold the economy is, and they include unemployment in that. It’s all about the government controlling the money system — that’s a Keynesian philosophy of inflationary monetary policy.

Germ vs Terrain Theory is the same... There’s this thing called terrain theory. And actually, underneath it, it’s not aligned with the incentives of modern government and big business. It’s far more practical and requires people to take accountability for their own choices — they can’t just buy a solution from someone else.”

Jake Woodhouse / Ep.101 / 35:40