Richard Ebeling: “How The Fed Goes Bust”, Interview on RT’s Prime Interest.
Economics professor Richard Ebeling is interviewed on a show called Prime Interest, which is produced by RT, formerly known a Russia Today. It is a Russian based television network that is a non-profit organization funded by the federal budget of Russia. It is hard to believe you have to go to Russian television to find an Austrian economist give an outstanding analysis of how the Federal Reserves policy of low-interest rates, and electronically printing counterfeit money, created the artificial economic boom that led to the 08 bust, and how this same policy has them in a box from which there is probably no escape. They have to keep counterfeiting money or their will be a huge correction. Because they injected ever-increasing amounts of counterfeit money, in order to keep the correction from happening in 08, the inevitable correction will be much worse, and more painful, than if they would have let the correction run its course.
The interview starts at 2:48 and ends at 13:50, and is well worth it. He also talks about his interactions whth F. A. Hayek and Murray Rothbard two of the three most well-known Austrian economists, the other being Ludwig von Mises.
You can’t find this on American television news. Is American television the new Pravda? Pravda, which means “Truth”, was the state news paper of Russia.
Related Article – Federal Reserve Money Injections Since 00 Haven’t Worked As Advertised, at austrianaddict.com.
Related Article – Dallas Fed President Fisher Points To The Feds Real Problem, at austrianaddict.com.
Related Article – Real Savings vs. Counterfeit Savings, at austrianaddict.com.