Scott talks to Bob Murphy about the economic side of all the covid policies this past year. Most obvious are the huge spending bills, which dwarf even the stimulus measures taken after the 2008 recession. Murphy reminds us that this kind of rampant spending really means the federal reserve and the treasury have "created" new money out of thin air. This money enters through the financial sector, slowly making its way through the rest of the economy, where it can cause price inflation, stagnating wages and the loss of the value of savings. But it allows the federal government to spread out the...