Feb 9, 2022
Summary:
FSN has always analyzed economics, but we are currently facing
economic insanity. The gold standard is now more relevant than
ever, and Nathan Lewis comes on the show to talk about global
phenomena that have been taking place; the world market economy has
experienced much change over the years, and a Keynsian governmental
perspective is prevalent. Tune in for more.
Highlights:
-Lewis has been writing for 17 years now. He started with what was
known and expanded
-We’ve seen inflation kick in, and expansion of the government into
the economy
-The Magic Formula outlines the fundamental recipe that made the
whole world wealthy: stable money and low taxes
-Between 1994 and 2016, nominal GDP in US dollars in China grew by
26 times because they had the ‘magic formula’
-This tapered off when China took a more authoritarian stand
-We’ve been in an economic predicament with the Chinese for many
years, and have more recently discovered this
-The flood of new labor onto the world market economy came due to
the lifting of communism and strict trade agreements
-Advances in communication allowed more things to be produced in
China rather than the US, which created struggles for US
workers
-We should have all the components of a major industrial economy
contained in the United States
-China does have a legitimate claim to Taiwan
-The Canadian trucker movement is spreading
-There are now Austrian devotees that see the value in free
markets
-The internet can amplify these messages and make them more
universal
-We’re kind of in the era of Keynsian government with big
governments
Useful Links:
Financial Survival Network
New World Economics
Nathan Lewis – Time to Cut the
Federal Government in Half
Nathan K. Lewis – Is the Gold
Standard Our Salvation?