Dec 20, 2022
Summary:
In turbulent economic circumstances, we’ve been asking one
question: why is today’s inflation so different from the inflation
back in the 1980s? David Stockman comes on the show to provide some
direct perspective; as Ronald Reagan’s budget director and a former
Michigan congressman, he pinpoints some of the factors that make
our modern situation inherently different. Some of the contributors
include bad policy, outsourcing a large share of the industrial
economy, and the Fed misinterpreting data for decades. All of these
things have led up to the monetization of debt, which traps us
within a vicious cycle. Where does it end? Tune in to hear David’s
thoughts on how this all happened and how we’ll (hopefully) get out
of it.
Useful Links:
Financial Survival Network
The Great Money Bubble: Protect
Yourself from the Coming Inflation Storm