Shermer and Skousen discuss: whether economics is politicized • Adam Smith and what he really said • how the economy really works • fiat money vs. gold standard money • inflation and what to do about it • experimental economics • regulation on capitalism • what the Fed does (or should do) • Modern Monetary Theory • bitcoin/cryptocurrency • monopolies, duopolies, and market capture • antitrust, trustbusting • What’s wrong with free market capitalism? • money, happiness, and meaningfulness.
What is money, what is it based on without a gold standard, and can cryptocurrency ever replace it? Why are young people so attracted to democratic socialism, and is there a better alternative? Should valuable goods and services such as college education, medical services, and transportation be made available to the public for free? What is the secret to the success of capitalist nations? Do economists offer any solution to the global warming threat? “America’s Economist,” Mark Skousen, helps make sense of inflation, the banking crisis, inequality, possible recession, and how to deal with global warming.
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