Good afternoon, everybody.

Great to see you.

I would ask all of you, when you're speaking to normies in your friends and families group, in your business world, when you meet people on airplanes, whatever it might be, there's really two questions that all of us in this room have probably already thought about.

But there are two questions we need to be asking the broader world and forcing people to think about.

They're very simple questions, but they're also profound questions.

The first question is, Not just for America, but for the West more generally, is how did we get so rich? Do we ever really think about that? The second question is, and what if it all went away? We are so soft, so comfortable in our Western material lives that we don't think about these things anymore.

money is going to return

to its natural rate by hook or by crook.

That our counsel plus the absolute, you know, blatant folly of American foreign policy is proving our case in front of everyone right now in a really –

And Trump never tried to portray himself or lie about being a free market guy.

He's never been one and he's never claimed to be one.

He's a trade protectionist, fine.

But what he did lie about was being an America-first anti-interventionist foreign policy guy.

That turns out to not be the case, and he folded like a cheap suit on that.

Okay, so that's where we are.

Well, never mind the most hyperbolic part of that, but just what do you make of those arguments at this point?

Right

... to, you know, rearrange the politics between two countries, let's say.

There's always, there's always a better way.

And so I think Mises made a mistake when he assumed that economic liberalism, which is win-win, right, mutually benefit, beneficial exchange, that somehow there could be win-win in, in liberal politics, especially with democracy, liberal democracy.

And, and Mises was a, a liberal Democrat at the end of the day.

He believed that democracy was a mechanism for the peaceful transfer of power from one, uh, you know, uh, state, uh, leaders to, to the next.

Now, it's easy for us to say, given the hindsight of the, you know, the full 20th century, now the 21st, that well, gee whiz, Mises was wrong about that.

Hubbard

Money is the final extinguisher of debt.

To me, money is simply the commodity that the marketplace decides is best used to facilitate trade.

To learn more about the farm at Okefenokee, go to okefarm.com and make sure to tell them that I sent you.

Yeah.

Isn't that interesting how such a simple question, it ought to be a simple answer.

And in many ways it is.

But I would say in the modern world, we've almost lost sight of what money is because we tend to conflate money and debt and credit all into one amalgamation.

That can be disorienting.