Fourth lecture of Principles of Economics explores labor as the sacrifice of leisure for future gain, explaining disutility, production and productivity, how wages reflect marginal output, why work never disappears, and how voluntary labor and capital raise the value of human time.

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Third lecture of Principles of Economics examines time as the ultimate scarce resource, showing how all human action unfolds across time, why opportunity cost exists, how time preference shapes choices, and how economizing time drives production, saving, and civilization.

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Saifedean debates Peter Schiff on gold, bitcoin, and the future of money, during the PlanB Conference in San Salvador!

Second lecture of Principles of Economics course explores value as a subjective judgment existing only in the consciousness of humans, how scarcity forces economizing, and how marginal utility determines choices and valuations of goods.

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Starting this week, I'm releasing all the lectures of my Principles of Economics online course for free! This week's lecture explores economics as the study of human action and choice under scarcity, how humans act purposefully with deliberative reason, and why proper economic reasoning is based on understanding human action.

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Saifedean joins Danny Knowles on What Bitcoin Did to discuss The Gold Standard: how fiat funded war and made endless conflict possible, why hard money shapes time preference, and why gold failed where Bitcoin can win.

Tom Woods interviews Saifedean about his latest book, The Gold Standard.

https://saifedean.com/tgs

Our friend Tony Yazbeck rejoins us to tell us about bitcoin best practices, self-custody, and privacy.