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Episode 353: What’s a Few Trillion Among Friends?
Manage episode 383981726 series 1538847
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
463 episodes
Manage episode 383981726 series 1538847
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
463 episodes
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