Ph.D. Economist Reveals the Truth About Govt. Spending & Interest Rates | Peter St Onge

Blockware Podcast

Mitch Askew interviews Peter St Onge. Peter is a Ph.D. Economist at the Heritage Foundation & Mises Institute.

Mitch & Peter dive deep into Austrian Economic theory, the problems with government spending, zombie economies, the sovereign debt crisis, Bitcoin, and more!

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00:00 Intro

03:20 Why the political right hasn’t yet embraced Bitcoin

08:16 Is Bitcoin susceptible to rehypothecation

10:20 Why GDP doesn’t tell the whole story about the economy

14:08 Government workers are bad for the economy

17:09 Are we in a shadow recession?

19:42 What has to happen for the Fed to cut?

22:48 Are we headed to stagflation?

26:37 Is it possible to resolve the debt without inflating it away?

28:04 Japan’s Zombie Economy

36:52 Could Japan cause a global recession?

38:04 The fragility of the fiat system

41:40 Did WW2 actually end the great depression?

45:08 Why rate hikes are actually the best way to end a recession

50:49 How would credit work on a Bitcoin standard?

54:10 Hard times make strong men, the 4th turning, hard money

1:00:54 Where does Peter get the fun shirts?