Episode 7c: Doug Casey – Natural Resources and the Failed War on Drugs

Doug discusses how he became interested in paleontology, geology and natural resources at a very early age. After university, he came across a book by “Henry Hazlitt” and another from “Harry Brown” which taught him about Austrian Economics and the benefits of precious metals. These areas of research were a natural fit for Doug and thus led him to become involved with mining stocks and mining financing.

There is very little reliable economic education in the United States, and most of it is of the Keynesian viewpoint.  Which is the concept that the government should try to control and manage the economy like it is a machine instead of letting the free market decide?

He prefers the Austrian economics view which is a much more hands-off approach. Natural resources are crucial to modern society, and like agriculture and farming, many people have no idea where products originate.

Doug is writing a series of novels, one of which is called Speculator that discusses gold mining fraud in Africa.  It’s an educational, entertaining novel and covers many aspects of the mining business.

His latest book is called Drug Lord, and it is about the Drug War and covers both the “legal” FDA business side and the “illegal” DEA side. Mr. Casey is of the opinion that all drugs should be legal for many different reasons which he explains in his book.

Talking Points From This Weeks Episode

  • Doug discusses his early interests and education.
  • Why he feels that economics and education, in general, is lacking.
  • He discusses his new novel series.
  • He doesn’t feel that things will improve much under Trump.

About Our Guest

Doug Casey is a world-renowned investor and author, whose book Crisis Investing was #1 on the New York Times bestseller list for 29 consecutive weeks, a record at the time. He has been a featured guest on hundreds of radio and TV shows, including David Letterman, Merv Griffin, Charlie Rose, Phil Donahue, Regis Philbin, NBC News, and CNN; and has been the topic of numerous features in periodicals such as Time, Forbes, People and the Washington Post. 

His firm, Casey Research, LLC., publishes a variety of newsletters and websites with a combined weekly audience of more than 200,000, mostly high net worth investors with interest in resource development and international real estate.

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