Are you getting the most out of your financial understanding? Prepare to amplify your knowledge as we unravel the enigma of economic thought and theory with our distinguished guest, Peter St. Onge. A highly respected economist, former professor, and an esteemed fellow at the Mises Institute, Peter brings a wealth of insights into the often misunderstood sphere of Austrian economics.
Our journey of discovery pivots around the fascinating contrast between mainstream economic theories and the more accurately predictive Austrian school of thought. We delve into the fallout of the credit crunch of March 2020, the practices of the Federal Reserve, and the ripple effects of a global economy flush with printed money. Peter provides an insightful analysis of the U.S banking system, spotlighting the role of community banks and the perils of high-risk loans, and detailing the ripple effects of the 2008 financial crisis.
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But that's just the tip of the iceberg. Our conversation veers into an engaging debate of Bitcoin versus gold, examining their respective strengths and weaknesses. The geopolitical landscape is not overlooked, as we discuss the declining dominance of the dollar and the ramifications of de-dollarization. We also inspect China's economic challenges, the cause and effects of youth unemployment, and the potential for political unrest. Finally, get a sneak peek into Peter's influential social media presence and discover how his astute observations are reshaping economic discussions. This is a conversation you won't want to miss!
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Untangling the Complexities of Austrian Economics with Peter St. Onge