Last month, investor Ray Dalio suggested at The Financial Times that the UK is entering a debt spiral. According to FT:
Ray Dalio, the billionaire founder of hedge fund firm Bridgewater Associates, has warned that the UK could be heading for a “debt death spiral”, in which it has to borrow more and more money to service its rising interest costs.
Most economic commentators are of the view that when an economy is starting to experience difficult times the central bank should provide support to the economy by means of large increases in money supply. These increases are expected to strengthen the economic growth through the strengthening of individuals’ demand for goods and services.
Hello and welcome to another episode of the Minor Issues podcast. I am Mark Thornton from the Mises Institute.
I have been criticized by listeners lately that the podcast has been concentrating on major issues, so today I’m going super-minor with the topic of piggy banks: yours and Uncle Sam’s. There are links to discounts for the next Mises Institute conference as well as the Bitcoin vs. Gold contest below.
American politicians love to tell the citizenry exactly what they are going to do for them. They claim they will install programs for the poor, increase domestic security, strengthen our international image, and fight tirelessly for their constituencies’ rights. But are these even things people want from their elected leaders?
