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The Political Response to our Banking Crisis

Radio Rothbard

Tags Booms and BustsThe FedU.S. Economy

03/23/2023Ryan McMakenTho BishopPeter St. Onge

This week on Radio Rothbard, Ryan McMaken and Tho Bishop are joined by Peter St. Onge, a fellow at the Heritage Foundation and a regular contributor to the Mises Wire. This episode looks at the political response to the recent turmoil in the banking system and how the Austrian position looks today relative to 2008. St. Onge makes a case for optimism.

Recommended Reading

"It Turns Out That Hundreds of Banks Are at Risk" by Peter St. Onge: Mises.org/RR_126_A

"The Fed Backtracks on Future Rate Hikes as Bank Failures Loom Large" by Ryan McMaken: Mises.org/RR_126_B

"Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again" by Ryan McMaken: Mises.org/RR_126_C

Peter St. Onge's Substack: StOnge.substack.com

2023 Libertarian Scholars Conference: Mises.org/LSC23

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Authors:

Contact Ryan McMaken

Ryan McMaken (@ryanmcmaken) is executive editor at the Mises Institute. Send him your article submissions for the Mises Wire and Power and Market, but read article guidelines first. Ryan has a bachelor's degree in economics and a master's degree in public policy and international relations from the University of Colorado. He was a housing economist for the State of Colorado. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

Contact Tho Bishop

Tho is an Communications Director for the Mises Institute, and can assist with questions from the press. Prior to working for the Mises Institute, he served as Deputy Communications Director for the House Financial Services Committee. His articles have been featured in The Federalist, the Daily Caller, and Business Insider.

Peter St. Onge

Peter St. Onge is a Mises Institute Associated Scholar and an Economic Research Fellow at the Heritage Foundation.  For more content from Dr. St. Onge, subscribe to his newsletter where he writes about Austrian economics and cryptocurrency