Economic Depressions: Their Cause and Cure by Murray N. Rothbard


30 minute listen at 1.5x speed.

How much more stable would our economy be if it weren’t for the vast amounts of malinvestment encouraged by artificially low interest rates?

Banksters have the control not because of their “superior” knowledge or skill, but because they are backed by the monopoly of force we call the United States Government.

Since December 2008, we’ve had 0% interest rates (which is the longest in US history). The vast amounts of malinvestment will unwind, and it won’t be pretty. Or it’ll be pushed off with additional rounds of QE, NIRP, and/or converted to national debt, delaying the inevitable.

Pile on the debt. Pile on the problems. Just another way to push the pain off to future generations. Maybe our grand children will be smart and choose to default on the debt on the basis that they weren’t the ones who accumulated it in the first place!