Aug 11, 2014
John Rubino joined us to discuss how the Keynesian geniuses over at Treasury are now resorting to FICO inflation to help lift the economy. For some reason, they believe that if they artificially inflate consumers' credit scores, this will lead to an increase in economic activity. More consumers will be able to get credit cards, buy autos and homes. While this may be true for a short time period, it will also help bring on another credit bust, eventually leading to a bust. How stupid can they be?
We also discussed the new American bombing attacks in Iraq and what it means for the country and you. There's much here to digest.