Why Saving Died, Markets Became Casinos, & Young People Are Trapped | Jeff Deist

Jeff Deist, general counsel at Monetary Metals and former president of the Mises Institute and chief of staff to Ron Paul, joins Jackson Mikalic, Brian Cubellis, and Michael Tanguma to explore why the culture of saving has collapsed in the modern fiat era. Jeff traces his intellectual path from reading Hayek and Ayn Rand to working for Ron Paul to leading the Mises Institute through the post-2020 insanity, explaining how central bank money printing has systematically dismantled incentives to save and transformed markets into speculative casinos. The conversation examines why younger generations are trapped by asset inflation, unaffordable housing, and a monetary system that punishes savers and rewards leverage. Jeff makes the Austrian economics case for sound money and Bitcoin as the only credible long-run remedy to a system that has structurally broken the ability of ordinary people to accumulate real wealth.