EPISODE 56: Deconstructing the Federal Reserve with George Selgin and Norbert Michel
If the Fed brought home a report card reflecting its performance since its creation in 1914, its parents would not be pleased. Its record for stability is among the worst in the developed world, and it has done little to fix the problems it was invented to address. Moreover, the Federal Reserve is far from the only way to assure stability in banking. As George Selgin of the Cato Institute and Norbert Michel of the Heritage Foundation persuasive argue on the Bill Walton Show, it may not even be the best way. More provocative views on the Fed from George and Norbert: How the Fed contributed to, then botched its response to, the 2008 recession. Forget the idea that it was only about “greedy bankers.” If you want to learn what really happened, their explanation is lucid. Why an “independent” Fed has never been a reality and probably should not be the goal. We need our money to be politically accountable, but how to do this is a thorny issue. If America could print all the money we needed, we would never have financial problems, right? That’s Modern Economic Theory in a nutshell, and George and Norbert explain why this very seductive idea is such a dangerous one. George and Nobert explain “quantitative easing” to me and how it’s painted the Fed into a corner. I sort of get it. See what you think, here on the Bill Walton Show.
Once upon a time, the FBI and the CIA fought America’s criminals at home and enemies abroad. Now, at our great loss, they’ve become captured by the ideology and agenda of cultural Marxism. Moreover, as Tucker Carlson’s recent interview with Mike Benz revealed, the national security state has evolved into a main driver of censorship and election interference in the United States.Watch Now
Hungary is a small country with less than 10 million people, landlocked in the middle of Europe. Seemingly irrelevant, it is hated by the woke globalists and it’s the focus of angry smear campaigns against it and its president, Viktor Orbán. Yet at the same time, it’s praised as a global leader for freedom and as a model of conservative values.Watch Now
In this age of fake news, disinformation, shadow banning and government agencies like CISA aiming to manipulate what it calls our “cognitive infrastructure” it is hard to answer this question.
To explore how we can go about finding what’s true and what is not, Jim Agresti, the founder of Just Facts, returns to help clarify our thinking.Watch Now
When Javier Milei was elected president of Argentina in November, Argentinians empowered the first self-proclaimed “anarcho capitalist” as a head of state in modern history.Watch Now
Episode 258: Natural Asset Companies: A Scheme to Profit From the “Degrowth” Agenda with Margaret Byfield
On September 27, 2023, the New York Stock Exchange and the Intrinsic Exchange Group submitted a proposal to the Securities and Exchange Commission to create a new type of company called a “Natural Asset Company”, or “NAC” whose primary purpose would be to manage and grow so-called “ecosystem services” on land throughout the United States.Watch Now