10/29/21 Ryan McMaken on the Economy, the Money Supply and the Labor Shortage

Scott is joined by Ryan McMaken from the Mises Institute to talk about the state of the economy. McMaken describes how we are still living with the consequences of the 2008 financial crisis as well as the response to it. However, while the government created a ton of new money back then, they took steps to avoid flooding the entire economy with those new dollars. But McMaken explains that those steps have been absent during the aggressive money printing that’s occurred since the pandemic began. Something that has likely played a major role in the inflating prices of goods we are seeing now. Lastly, McMaken touches on what’s going on with the national labor shortage and why it’s surprising him.    

Discussed on the show:

The Creature from Jekyll Island by G.W. Griffin 
Engine of Inequality by Karen Petrou
The Case Against 2 Per Cent Inflation by Brendon Brown
“Why the Fed's 2 Percent Inflation Standard Is So Bad” (Mises Wire)

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 Commie Cowboys: The Bourgeoisie and the Nation-State in the Western Genre.

This episode of the Scott Horton Show is sponsored by: The War State and Why The Vietnam War?, by Mike Swanson; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; EasyShip; Dröm; Free Range Feeder; Thc Hemp Spot; Green Mill Supercritical; Bug-A-Salt; Lorenzotti Coffee and Listen and Think Audio.

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