Scott is joined by Peter St Onge to talk about how the government uses the Federal Reserve to enrich the politically connected at the expense of everyday people. St Onge explains how we arrived at this crazy economic moment and draws comparisons to the stagflation of the 1970s. He and Scott also talk about the destructiveness of recessions, debunk common myths about inflation and discuss what’s happening in China.
Discussed on the show:

St Onge’s Youtube Channel

The Case Against the Fed by Murray Rothbard

Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider

Peter St Onge is an economist at the Heritage Foundation and a fellow with the Mises Institute. He makes daily videos breaking down economic news. Follow him on Twitter @profstonge
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