Radio Free Market is proud to offer a short but very important interview by Patrick Barron with Detlev Schlichter, author of Paper Money Collapse–The Folly of Elastic Money and the Coming Monetary Breakdown.
In this interview Mr. Schlichter discusses a key chapter of his book titled “The Intellectual Superstructure of the Present System”. We learn that influential economists and policy makers in governments and central banks limit their view of what constitutes a “good” economy by adhering to a philosophy that frames the Market Economy as a single whole rather than a reflection of millions of actors each choosing individually.
Ludwig von Mises points out that “Society is not some Being that exists without humans that seeks its own ends.”
Detlev explains that because their inappropriate data measurements give false signals, they are driving the economy to monetary breakdown. An example is the idea that an economy can be “stimulated” to higher levels of beneficial output via monetary expansion and that too much savings in Asia caused the 2007 US financial collapse.
This fascinating interview will get you thinking about how to look at “The Economy” and This is the first of what we expect to be a series of interviews with Mr. Schlichter about his very important book.
Please join us for this very important interview.
Please find the link to this interview here (18 min)