Most everyone can see that we are suffering from rising inflation and the possible endgame of the dollar as the world's reserve currency. How did it come to this? John flies solo today, looking at our economic situation. There are two underlying issues that cause most of our problems today, including those in the financial realm: eroding confidence in our public officials and their tendency to enforce (or choice not to enforce) rules and regulations arbitrarily. With those two things in mind, John recalls the history of the dollar as the world's reserve currency, from Bretton Woods in the 1940s to our current inflationary status today. He shows every step along the way and where we're likely to go from here.
Will there be consequences to this onrush of economic sanctions against Russia? Is politics overshadowing economics to the detriment of people worldwide? Joining us today is Tho Bishop (mises.org), Assistant Editor of the Mises Wire at the Mises Institute. He discusses how politicians here and in other countries are largely ignorant about economics, putting political righteousness over sound policy. He also looks at the very real possibility that the sanctions process being used against Putin right now will most likely be used against 'domestic terrorists' in America soon. Is there any way off this road to high inflation and economic destruction? If there is, it won't be on a political road.
Christmas without a Christ, salvation without a savior, and redemption without repentance. Those things are not possible but that doesn't stop many people today from wanting them. John opens our Christmas show taking a look at the two things we are guaranteed to encounter in our lives: reality and God. Those aforementioned people are looking for solid rock truth, but in Marxism, which only traffics in false narratives and disingenuous "truth" claims. Christ, the reason for Christmas, is at odds with Marxism. One of them is true while the other is false. We all know which one wins that battle.
So why do young people so often look for truth in Marxism and socialism? Has it always been that way or is it specific to today's youth? Our first guest this week is Brandon Smith (alt-market.us), Founder of the Alternative Market Project. He posits that young people have grown up with little strife but the real world is, in their minds, too cruel when they grow up and encounter it. They turn then to socialism as a replacement parent. He discusses how different generations have handled this and what we can do moving forward.
Finally this week, we break out the crystal ball for some speculation and analysis of the future. There is much rumbling in Washington DC and around the country about the future of Kamala Harris in the White House. What will become of her? Back with us to gaze into that crystal ball is writer and retired entrepreneur Bob Adelmann (thenewamerican.com). He gives his theories on the Vice President, but also looks at geopolitics, economics, and mandates as we deal with a weak leadership in America.
Why do young people seem to fall in line with socialism so easily? Is it generational or is it specific to today's youth? Here today to answer these questions is Brandon Smith (alt-market.us), Founder of the Alternative Market Project. He looks at how young people have had it rather easy lately growing up but when they hit the real world, they become disillusioned with it and try to find the easiness they're used to. Socialism fills that parental hole in their lives. Brandon discusses the different generations and their response to and responsibility for inflation and other things. It's a fascinating conversation you don't want to miss.