Ryan McMaken of the Mises Institute joins Scott to discuss the ill effects central banking has on the country. McMaken wrote an article recently pointing out that the Federal Reserve, America’s central bank, is technically bankrupt. Scott has McMaken explains how that’s true and why the costs of a bankrupt Fed are felt by us all. Scott and McMaken also address some common points about inflation made by the left and examine what they get right and where they go wrong. The two also look at today’s economy to try and work out where we are in the boom-bust cycle.
Discussed on the show:
- “Why the Fed Is Bankrupt and Why That Means More Inflation” (Mises.org [3])
- What Has Government Done to Our Money? [4]
- For a New Liberty: The Libertarian Manifesto [5]
English
Original Publish Date:
January 31, 2023
Mises Published Date:
January 31, 2023 - 2:45 PM
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