Mark Thornton, Senior Fellow at the Ludwig von Mises Institute, discusses the crime of the Fed’s “bailout” of the big financial institutions and the cronyism between the two, the problems with our fractional reserve system, the destructive consequences of a close state-private business relationship, the perils of inflation on society, the possibility of a catastrophic global dollar sell-off, how our trade deficit is a symptom of the federal budget deficit whereby we flood China with extra dollars to buy our massive debt and the need to turn our mixed economy into a laissez faire market to take the advantage away from big connected business.
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Hello Scott! Always enjoy the show, and I love when economics is discussed. Dr. Thornton is great. I wanted to let you know there’s a great website, from an Austrian perspective, and the person behind it. The site is http://globaleconomicanalysis.blogspot.com . The person’s name is Mike Shedlock. He’s known to many of us as “Mish”. He was a regular on Charles Goyette’s show, and really good. It would be great to include him in your collections of guests. Just look at the site, and read the posts, and decided for yourself. Take care, and I briefly met you at the great FFF conference. I was the person who pointed out Mr. Harry Teasley, who was a co-founder of Reason Magazine, when your boss was reading him the riot act. Take careJean CarbonneauPortland,ME