Logos & Markets: Usury, Debt, and the Collapse of the Middle Class

Original Video: https://www.youtube.com/watch?v=vaCxpODL45A In this episode of Logos & Markets, Professor Drew Blazsik interviews Dr. E. Michael Jones on his landmark book Baron Metal: A History of Capitalism as the Conflict Between Labor and Usury. We discuss the true nature of capitalism, why Jones defines it as state-sponsored usury, and how modern debt-based economics has hollowed out the American middle class. From the 1973 wage stagnation, abortion and population decline, to the explosion of consumer debt, Jones explains the mechanisms that transferred wealth upward over the last 50 years. We also talk about the moral dimension of personal finance for Catholics: • When is debt sinful? • How should Catholics prepare financially? • Why car loans are “the worst form of debt” • What it means to “invest in labor” rather than fall into usury ——— Dr. Jones Books: fidelitypress.org/ Subscribe to Culture Wars Magazine: culturewars.com Donate: culturewars.com/donate Follow: https://culturewars.com/links CW Magazine: culturewars.com NOW AVAILABLE!: Walking with a Bible and a Gun: The Rise, Fall and Return of American Identity: https://www.fidelitypress.org/book-products/walking-with-a-bible-and-a-gun