3/24/23 Ryan McMaken on Nuclear Weapons and How the Fed Fuels Inequality

Scott is joined by Ryan McMaken of the Mises Institute to talk about nuclear weapons and the boom-bust cycle. They begin with a discussion of McMaken's recent article pushing back against common arguments for the production of more nuclear weapons. McMaken argues that, even if you accept the premise that we need nuclear weapons for deterrence, it does not follow that we need thousands of them. They then move on to the economy. They first dig into what’s actually behind today’s inflation and looming recession. That leads to a broader discussion about why some of the most important goods and services, like housing and healthcare, are growing more expensive.

Discussed on the show:

• “No, We Don't Need More Nuclear Weapons” (Mises Wire)
• “The Fed Backtracks on Future Rate Hikes as Bank Failures Loom Large” (Mises Wire)
• Mises.org

Ryan McMaken is a senior editor at the Mises Institute. He has degrees in economics and political science from the University of Colorado, and was the economist for the Colorado Division of Housing from 2009 to 2014. He is the author of Breaking Away: The Case of Secession, Radical Decentralization, and Smaller Polities and Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

This episode of the Scott Horton Show is sponsored by: Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott.

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