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Episode 353: What’s a Few Trillion Among Friends?

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Manage episode 383981726 series 1538847
Content provided by Words and Numbers, Antony Davies, and James R. Harrigan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Words and Numbers, Antony Davies, and James R. Harrigan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Over ten years ago, we predicted that, as the Federal government approached insolvency, the Federal Reserve would start printing money to monetize the government spending, and that that would give us sustained inflation in the 5% plus range. We saw the 5% plus inflation and, as the Fed fought it, we then saw interest rates skyrocket. Trillion dollar plus deficits are the new normal, Social Security is within a decade of becoming insolvent, and that will mean even more borrowing. It appears that people are just now becoming aware of the problem. Unfortunately, it's almost too late to do anything about it.

Foolishness of the Week: 07:46 Main episode: 14:20

Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com

See More Ant and James! http://www.wordsandnumbers.org

Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.youtube.com/antonydavies

https://www.marketwatch.com/story/moodys-cuts-outlook-on-u-s-credit-rating-to-negative-from-stable-4ede1b9b

Foolishness of the Week

https://news.yahoo.com/migrant-family-journeys-back-venezuela-202500695.html

Topic of the Week

Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/

More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

More Ant on YouTube https://www.youtube.com/antonydavies

Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com

Antony Davies on Twitter https://twitter.com/antonydavies

James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan

#AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational

  continue reading

463 episodes

Artwork
iconShare
 
Manage episode 383981726 series 1538847
Content provided by Words and Numbers, Antony Davies, and James R. Harrigan. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Words and Numbers, Antony Davies, and James R. Harrigan or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Over ten years ago, we predicted that, as the Federal government approached insolvency, the Federal Reserve would start printing money to monetize the government spending, and that that would give us sustained inflation in the 5% plus range. We saw the 5% plus inflation and, as the Fed fought it, we then saw interest rates skyrocket. Trillion dollar plus deficits are the new normal, Social Security is within a decade of becoming insolvent, and that will mean even more borrowing. It appears that people are just now becoming aware of the problem. Unfortunately, it's almost too late to do anything about it.

Foolishness of the Week: 07:46 Main episode: 14:20

Get Your Copy of Cooperation and Coercion Now! http://www.cooperationandcoercion.com

See More Ant and James! http://www.wordsandnumbers.org

Show Your Support for Words & Numbers at Patreon https://www.patreon.com/wordsandnumbers

Quick Hits

https://www.youtube.com/antonydavies

https://www.marketwatch.com/story/moodys-cuts-outlook-on-u-s-credit-rating-to-negative-from-stable-4ede1b9b

Foolishness of the Week

https://news.yahoo.com/migrant-family-journeys-back-venezuela-202500695.html

Topic of the Week

Words & Numbers Backstage https://www.facebook.com/groups/130029457649243/

More James at Smoke & Stories https://www.youtube.com/playlist?list=PLjILow4-ZJpBV-NnmSusZJ_vCuzKUJ4Ig

More Ant on YouTube https://www.youtube.com/antonydavies

Let Us Know What You Think mailto:wordsandnumberspodcast@gmail.com

Antony Davies on Twitter https://twitter.com/antonydavies

James R. Harrigan on Twitter https://twitter.com/JamesRHarrigan

#AntonyDavies #JamesRHarrigan #WordsAndNumbers #economics #government #politics #policy #libertarian #classicalliberal #podcast #educational

  continue reading

463 episodes

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