Exercising economic liberty isn’t always easy. We have to overcome many obstacles along the way: fear, doubt, failures and mistakes all try to hold us down. And exercising economic liberty to trade is inevitably accompanied by transaction costs – which also have the power to hinder your economic liberty. But obstacles can be overcome, and in Episode 22, you’ll find out how to get over them. In the first half the show, Ross speaks with standup comedian John Eide about how he’s overcome fear in order to live out his passion for making people laugh. In the second half of the show, Ross speaks with economist Dr. Larry Kaufmann about the concept of transaction costs, and how the free market is reducing them by means of technology – particularly in the sharing economy.
John Eide is a standup comedian who got his start in Des Moines, Iowa. As he gained experience in standup, John started landing comedy gigs across Iowa and Nebraska – and eventually made his way to Chicago, Illinois. He and his wife have lived in Chicago for three years, but John still maintains his show Des Moines, where it is considered to be one of the best Iowa Comedy Showcases in the state.
John’s “Must Read” Book: Sleepwalk with Me by Mike Birbiglia
John’s recommending viewing: Jiro Dreams of Sushi
Connect with John: @TheJohnEide (Twitter)
Economist Dr. Larry Kaufmann
Dr. Larry Kaufmann is a proven intellectual entrepreneur who developed an international economic consulting practice focused on implementing performance-based reforms of regulated industries. After graduating with a PhD from the University of Wisconsin – Madison in 1993, Dr. Kaufmann has managed consulting projects in 14 countries, communicated his findings to nontechnical audiences in hundreds of client studies and reports, and provided expert witness testimony over 40 times on a variety of economic topics.
In recent years, Dr. Kaufmann has written extensively on economic and political issues. His written work has been featured in National Review, The American Thinker, and Isthmus Newspaper. Additionally, in 2012, Dr. Kaufmann was a member of the first graduating class of the Atlas Leadership Academy, a program designed by the Atlas Network to train think tank leaders. He was the only American to graduate from the program in 2012.
Dr. Kaufmann now resides in Austin, Texas, where he continues his consulting practice.
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What is your biggest take away from Episode 22? How will the episode impact your thoughts, choices, and actions moving forward?