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The Peter McCormack Show

#017 - Peter St Onge - Liberty, Central Banks, Sound Money & Free Speech

Oct 30, 2024
Peter St Onge, an economist at the Heritage Foundation and Mises Institute fellow, dives into the intricacies of government overreach and economic policy. He discusses the role of debt on growth and critiques the bureaucracy's impact on local entrepreneurship. St Onge explores the feasibility of dismantling government entities like the Federal Reserve, shares insights on healthcare inefficiencies, and advocates for pragmatic reforms over radical changes. The conversation also touches on the dynamics of free speech and media's role in political accountability.
01:56:54

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Peter St Onge highlights the risks of bureaucracies becoming self-serving entities due to a lack of accountability to elected officials.
  • The podcast discusses how socialist ideologies can influence independent bureaucracies, potentially reinforcing agendas that disregard public needs.

Deep dives

Independence of Bureaucracy and Its Risks

Making bureaucracy independent of politicians raises significant questions about accountability and representation. If bureaucrats do not respond to elected officials, they risk becoming a self-serving entity, disconnected from the citizens they are meant to serve. This separation can result in the bureaucracy aligning with its interests, often supported by groups advocating for increased government control. Historical patterns suggest that this dynamic can lead to bureaucratic systems that prioritize their goals over those of the public.

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