In the last GOP debate, Rand Paul discussed the harm the Fed does to the ordinary person. As usual, the Left — you remember, the people who supposedly “question authority” — leaped to the defense of an longstanding institution. The prize for the most juvenile and uncomprehending analysis, though, goes to poor Timothy B. Lee of Vox. There is nothing left of Timothy by the end of this episode.
About the Guest
David Howden is chairman of the department of business and economics at the Madrid campus of St. Louis University. He is academic vice president of Mises Canada, editor of the journal Prices & Markets, and co-author of Deep Freeze: Iceland’s Economic Collapse.
“Rand Paul Says Low Interest Rates Have Harmed Poor People. They Haven’t,” by Timothy B. Lee
In Defense of Deflation, by Philipp Bagus
Meltdown, by Tom Woods
Ep. 394 There Is Nothing to Fear About Deflation (Philipp Bagus)
Ep. 37 The Deflation “Threat”
Enjoy the Tom Woods Show? You’ll love my once-a-week podcast with Bob Murphy, Contra Krugman!
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