Robert P. Murphy, senior fellow at the Ludwig von Mises Institute,
discusses the skirting the US debt ceiling, which can continue for a few
more months, the GOP’s current pretensions of fiscal restraint, why a
failure to raise the ceiling doesn’t mean default is impending since
spending could be cut or govt. assets sold, how missed payments to bond
holders would bring a big increase in interest rates, as in greece;
debt/gdp ratios and economic death spirals, and the Republicans who
converted to free market radicals – at least rhetorically – when Obama
was elected.

Play
Donate by Mail:

Scott Horton
612 W. 34th St.
Austin, TX 78705

Crafted by Expand Designs.  ©2018, ScottHorton.Org