Bob Murphy discusses the kernel of truth in the parody of Paul Krugman’s
“destruction boosts the economy” theory (wouldn’t that make Haiti among
the world’s richest countries?); Ron Paul’s plan for gold-backed
currencies to compete with Federal Reserve dollars; how a gold standard
limits the government’s ability to inflate the currency and make wars;
how artificially low interest rates create unsustainable consumption;
the new economic bubble emerging in sovereign debt, where risk and
interest rates remain out of whack; how the US government continues
accumulating debt by leaps and bounds; and why things will get
interesting, in a bad way, when interest rates increase.
More places to listen to The Scott Horton Show.
Scott Horton has done over 5,400 interviews with military leaders, whistleblowers, and investigative journalists. Avoid being part of the mob that calls for innocent blood by learning from foreign-policy experts, and spread the message of peace to others.