2/17/21 Mike Swanson on the Fragile and Distorted American Economy

2/17/21 Mike Swanson on the Fragile and Distorted American Economy

Scott talks to Mike Swanson about some of the problems in the U.S. economy and what we can expect in the near future. Scott points out the emerging real estate booms in places like Austin, Texas, as wealthy residents of states with severe lockdowns seek relief in states with less strict policies. These price spikes represent real demand, no doubt, but they come at the expense of local residents who can no longer afford to live in their home cities. Swanson adds that the real unemployment levels are much higher than official figures indicate, thanks to people who have been out of work so long they’re no longer actively looking for jobs. Historically, he says, this level of unemployment has led to social turmoil in the form of strikes, protests and even riots. He wonders to what degree the unrest seen over the summer and at the U.S. Capitol last month are related to the economic hardship that Americans have been facing for 11 months now. Unfortunately, explains Swanson, all the tools that the government has for addressing problems like unemployment and inflation only lead to even worse problems. Whatever form the eventual devastation takes, Americans must be prepared for more instability and hardship.

Discussed on the show:

Mike Swanson provides investment advice at wallstreetwindow.com and is the author of The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite. He also works with the Neopolis Media Group, a group of historians, educators, authors, researchers, and free speech advocates who endeavor to provide original and engaging content, including The Ochelli Effect, and The Lone Gunman Podcast.

This episode of the Scott Horton Show is sponsored by: The War State, by Mike Swanson; Tom Woods’ Liberty Classroom; ExpandDesigns.com/Scott; Photo IQ; Green Mill Supercritical; Zippix Toothpicks; and Listen and Think Audio.

Shop Libertarian Institute merch or donate to the show through Patreon, PayPal or Bitcoin: 1DZBZNJrxUhQhEzgDh7k8JXHXRjYu5tZiG.

About Scott Horton

Scott Horton is director of the Libertarian Institute, editorial director of Antiwar.com, host of Antiwar Radio on Pacifica, 90.7 FM KPFK in Los Angeles, California and podcasts the Scott Horton Show from ScottHorton.org. He’s the author of the 2017 book, Fool’s Errand: Time to End the War in Afghanistan and editor of The Great Ron Paul: The Scott Horton Show Interviews 2004–2019. He’s conducted more than 5,000 interviews since 2003. Scott lives in Austin, Texas with his wife, investigative reporter Larisa Alexandrovna Horton. He is a fan of, but no relation to the lawyer from Harper’s. Scott’s Twitter, YouTube, Patreon.

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