Podcasts about us economy

When inflation surges, the first thing on the government's agenda is for the Federal Reserve to try to force up interest rates. However, as Frank Shostak writes, that might not be the best strategy.Original article: https://mises.org/mises-wire/raising-interest-rates-does-not-counter-inflation

On this episode of Minor Issues, Mark Thornton opens with a review of John Mearsheimer's Why Do Politicians Lie?, focusing on strategic deception in international affairs, especially in the Middle East, Israel, Vietnam, Iraq, and America's own constitutional history. Mark argues that political lies are not merely moral failures; they are tools for empire, war, and state expansion.On Side B, Thornton joins What The Finance to explain how runaway spending, Fed liquidity, and Austrian business cycle theory reveal the deeper mechanics behind today's markets. He discusses the AI and data-center bubble, the Fed's role in sustaining malinvestment, the pressure on working families, and why gold, silver, and commodities are benefiting from a long era of monetary inflation and political dysfunction.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Keynes the Man through June 30. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Richard Clarida, Managing Director and Global Economic Adviser at PIMCO and Former Vice Chair of the Federal Reserve Board of Governors, discussed the significant impact of artificial intelligence (AI) on the economy and markets over the next five years. He emphasized AI as a potential disinflationary force due to increased productivity and possible wage compression, while also noting the financing risks associated with AI investments. He speaks with Bloomberg's Romaine Bostick & Katie Greifeld on "The Close."See omnystudio.com/listener for privacy information.

06-08-2026 Phil Magness Learn more about the interview and get additional links here: (USE THE LINK TO THE ARTICLE) Subscribe to the best of our content here: https://priceofbusiness.substack.com/ Subscribe to our YouTube channel here: https://www.youtube.com/channel/UCywgbHv7dpiBG2Qswr_ceEQ

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The Senate passed a $70 billion immigration enforcement package on Friday after an overnight vote-a-rama on Capitol Hill. The Senate voted 52–47 to approve the legislation, with no support from ‌Democrats. The bill funds Immigration and Customs Enforcement (ICE) and Border Patrol through the remainder of President Donald Trump's second term, and now heads to the House. The legislation follows months of partisan clashes over immigration enforcement and Homeland Security funding.The U.S. labor market remained hot in May, with hiring momentum continuing heading into the summer. New government data released on June 5 show the economy added 172,000 jobs last month, from the upwardly revised 179,000 in April. Economists had penciled in a reading of 85,000.

June 4, 2026; 5pm: Nicolle Wallace and friends discuss Trump's myriad of vanity projects while polling shows that Americans are unhappy with the state of the economy, the “weaponization fund,” and the war in Iran. Later, Nicolle covers new reporting from The New York Times on Maine Democratic senate candidate Graham Platner. Several women who were previously in relationships with Platner have come forward with allegations of “unsettling behavior.” For more, follow us on Instagram @deadlinewh To listen to this show and other MS NOW podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. For more from Nicolle, follow and download her podcast, “The Best People with Nicolle Wallace,” wherever you get your podcasts.To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

(12) Gordon Chang asserts that China is a declining power facing economic stagnation and a massive demographic collapse. He notes that the US economy remains superior, particularly in energy and AI. China's youth unemployment is estimated at 35-40%, forcing university graduates into menial roles like shepherding.1919

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.Original article: https://mises.org/mises-wire/remembering-mogambo-guru

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.Original article: https://mises.org/mises-wire/remembering-mogambo-guru

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.Original article: https://mises.org/mises-wire/crazy-wealth-tax-proposals-california-and-new-york-city

As socialists gain power in American cities and states, they look to destroy the creation of wealth and to tax the wealth-creators into oblivion. We know how these scenarios end.Original article: https://mises.org/mises-wire/crazy-wealth-tax-proposals-california-and-new-york-city

New economic data and analysis from the National Urban League and the Joint Center for Political and Economic Studies suggest that Black Americans may already be facing recession-level challenges. The report highlights rising unemployment, shrinking economic opportunities and concerns about policy changes that advocates say disproportionately affect Black workers and entrepreneurs. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The build-out for artificial intelligence will be inflationary in the early going, preventing new Federal Reserve Chair Kevin Warsh from cutting interest rates as quickly as he has suggested should be possible, according to Torsten Slok, chief economist at Apollo Global Management. He discusses this and more with Jonathan Ferro and Lisa Abramowicz. See omnystudio.com/listener for privacy information.

This week, EconoFact Chats features an abridged version of an Ask Me Anything Webinar with Binyamin Appelbaum. The discussion touched on a range of issues, including whether AI will prove labor-enhancing or labor-replacing, how a shrinking immigrant workforce will affect a labor market already facing a crunch, why oil markets are seemingly underpricing supply shocks, and whether the central bank can maintain its independence in the face of mounting political pressure to lower interest rates. Binyamin is the lead writer on economics and business for the New York Times editorial board, and the author of The Economists' Hour. EconoFact's monthly Ask Me Anything Webinars are exclusively available to Premium Subscribers. The $50 annual fee for becoming a Premium Subscriber helps EconoFact bring timely, accessible, unbiased, and nonpartisan analyses on important economic and social policy issues to the public. You can sign-up for a Premium Subscription here: https://secure.touchnet.net/C21525_ustores/web/store_main.jsp?STOREID=157

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The Federal Reserve continues to destroy the economy's savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.Original article: https://mises.org/mises-wire/there-no-reprieve-feds-war-savings

The Federal Reserve continues to destroy the economy's savings base through a combination of artificially low interest rates and inflation. This war on savings will not end anytime soon.Original article: https://mises.org/mises-wire/there-no-reprieve-feds-war-savings

New federal data showed inflation continued rising in April, with the Personal Consumption Expenditures price index climbing 0.4% during the month. The report also showed a decline in personal income, adding to concerns about the direction of the U.S. economy. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses.Original article: https://mises.org/mises-wire/public-goods-circular-argument

Public goods theory often assumes what it seeks to establish, namely, that the state is the indispensable precondition of production, even though the state itself depends upon prior production for every resource it possesses.Original article: https://mises.org/mises-wire/public-goods-circular-argument

Even the federal government's official data shows that price growth is well above the Federal Reserve's two-percent target. In fact, price inflation is now at multi-year highs, and there is good reason to think this will continue.Be sure to follow the Loot and Lobby podcast at Mises.org/LL

Mark Thornton replays his wide-ranging Kitco News interview with Jeremy Szafron, connecting today's “two economies” to Ludwig von Mises's Austrian business cycle theory. Easy money and credit inflation lift asset owners, big corporations, and government finance, while working families get the bill through higher prices and weaker real wages. They discuss late-cycle signals in tech and AI and broader corporate credit, and how war-driven energy shocks feed into a wider commodity surge. Mark also breaks down Cantillon effects at the kitchen-table level and closes with bottom-up strategies like local resilience, savings, and removing tax barriers to using gold and silver as practical inflation protection.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

In this Friday Daily Editorial, I sit down with Marc Chandler, Managing Partner at Bannockburn Global Forex and Editor of the Marc to Market website, to recap this week's economic data, shifting monetary policy, and global market dynamics. Marc provides a comprehensive look at how the US economy continues to defy expectations and outpace international peers, while exploring what these structural shifts mean for global markets.  Key Discussion Points: The Resilience of the US Economy: A look at the surprising strength of the Flash PMI data for May, the underlying drivers behind the Atlanta Fed's 4.3% GDP nowcast, and how the massive CapEx boom in data centers is fueling these numbers. The K-Shaped Consumer Dilemma: An analysis of the clear disconnect between robust GDP growth and record-low consumer confidence. A New Era for the Federal Reserve: Thoughts on Kevin Warsh being sworn in as the new Federal Reserve Chairman, how his leadership signals a departure from the Bernanke-Yellen-Powell continuum, and why a rate hike is fast becoming the market's base-case scenario. Global Currency & Bond Market Shifts: An examination of the widening gap between the US Dollar and other major G10 currencies like the Euro and Sterling, alongside an explanation of the recent bond liquidations by foreign central banks. Gold's Technical Consolidation: A technical evaluation of gold's current trading range, its failure to hold key support levels, and what it will take to restore bullish confidence in the metal.   Click here to visit Marc's site - Marc To Market - https://www.marctomarket.com/   ------------------------- For more market commentary & interview summaries, subscribe to our Substacks:  The KE Report: https://kereport.substack.com/  Shad's resource market commentary: https://excelsiorprosperity.substack.com/ Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.

Treasury yields are reaching levels not seen since before the 2008 financial crisis, raising concerns about borrowing costs and affordability for Americans. Economists warn that rising yields could make loans for homes, cars and credit cards even more expensive. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

If you want to get the skinny on anything related to financial markets or the financial system, then you need to talk with Samim Ghamami, Chief Economist of the New York state Insurance Fund.  That's what Mark and Cris do on this podcast. The conversation begins with the outlook for interest rates, turns to a perspective on a popular AI narrative that artificial intelligence will push rates up further by spurring investment and reducing household savings, and closes with a timely look at private credit and the risks it may pose to the broader financial system. Check out the report mentioned in this episode titled, "Private Credit & Systemic Risk" by Samim Ghamani, Damien Moore, Antonio Weiss, Martin Wurm, and Mark Zandi: Click Here. Questions or Comments, please email us at InsideEconomics@moodys.com. We would love to hear from you. To stay informed and follow the insights of Moody's Analytics economists, visit Economic View. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

SMBC Nikko Securities America chief economist for the Americas Joe Lavorgna speaks inflation, US economy, and bond market with Bloomberg's Tom Keene and Paul Sweeney. See omnystudio.com/listener for privacy information.

Ryan McMaken looks at the latest jobs numbers form the federal government and why so many workers and families appear to think the economy is in trouble.Be sure to follow the Loot and Lobby podcast at Mises.org/LL

On the latest episode of Minor Issues, Mark Thornton opens with a candid assessment of his own prediction record: what he got right, what he got wrong, and why Austrian economics tells you what must come but not when. He then turns to the current landscape: every major valuation metric is flashing red, market concentration exceeds the level on the cusp of the 1987 crash, deficit spending is at World War II levels, and the Fed is injecting $40 billion a month in new liquidity. Yet Wall Street remains unanimously bullish. The second half features an interview with Kaniki Kojo on gold, fiat currencies, and the Austrian school's growing global influence.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the insulated Minor Issues tumbler and three of Mark's books: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy.Original article: https://mises.org/mises-wire/gop-fiscal-follies

While Republicans have promised robust economic growth to accompany their tax cuts, reality has been different. That is because Republicans increased government spending at the same time, dragging down the economy.Original article: https://mises.org/mises-wire/gop-fiscal-follies

New Zillow housing data paints a difficult picture for the spring real estate market, with slowing home sales, rising inventory and increasing rents. The report also found that the average monthly mortgage payment declined slightly even as home values continued to rise. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

The Hidden Lightness with Jimmy Hinton – For months, headlines have warned of a slowing economy or an impending downturn. But the data tells a more nuanced story. Job creation is continuing. Layoffs remain relatively low. Hiring demand is still present across multiple sectors. This is not what economic collapse looks like. It's what resilience looks like. There's a growing disconnect between...

Mark Thornton opens this episode with a strategic assessment of the war's economic fallout: not the headlines, but the second- and third-order effects that are only now becoming visible. Oil production facilities across the Gulf have been destroyed, disrupted, or shut down, and restarting them is not a matter of flipping a switch. Some older wells will need to be redrilled entirely. Meanwhile, the disruption to fertilizer production threatens the next crop season and potentially longer-term food prices worldwideMark also provides a skyscraper curse update: the Jeddah Tower, once expected to reach record height in early 2027, has been pushed further out as Saudi finances and Gulf logistics are redirected toward reconstruction. The commodity super cycle thesis, he argues, remains fully intact despite the gold correction.The second half features a detailed interview from Palisades Gold Radio in which Mark unpacks these themes further, covering the Austrian micro approach versus the Keynesian macro framework, why the stock market can hit all-time highs while the real economy deteriorates, and why the world is slowly but steadily moving back toward commodity money.2026 is the Year of Rothbard—Murray's 100th birthday—and we're celebrating by giving away free copies of Anatomy of the State through May 31. Grab yours today at https://mises.org/issuesfreeRegister for our upcoming Mises Circle, Why Is the Healthcare System Broken?, June 27 in Windham, New Hampshire: https://mises.org/events/why-healthcare-system-broken-mises-circle-new-hampshire20% off listener offer on the new insulated Minor Issues tumbler and three of Mark's books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Consumer confidence continues to decline as Americans express growing concerns about inflation, personal income and global instability. New data from the University of Michigan also points to worries over energy prices and supply chain disruptions tied to tensions involving Iran. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

AAA says the national average price for a gallon of regular gas has climbed to $4.55 as summer travel demand increases. Drivers in states like California and Pennsylvania are seeing some of the highest fuel prices in the country ahead of Memorial Day weekend. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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The Federal Reserve is holding interest rates steady while warning that rising inflation and instability in the Middle East are creating more uncertainty for the U.S. economy. Federal Reserve Chair Jerome Powell also pointed to slowing job growth and higher energy prices during his latest remarks. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Oil prices climbed sharply above $114 a barrel after Iran claimed it struck a naval vessel in the Strait of Hormuz, adding fresh pressure to the U.S. economy and global markets. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

On the latest episode of Minor Issues, Mark Thornton opens with a detailed analysis of the gold correction. Is the three-month decline a sign that inflation is over, or a temporary reallocation driven by war? The answer is in the data: the CRB commodity index continues to climb, the money supply is at an all-time high, and there is no evidence of deflation anywhere in the price structure. The inflation regime remains firmly in place, and the gold correction is a normal feature of bull markets whose real-world zigzags get smoothed away on long-term charts.The second half features a panel interview from VRC Media with Rick Rule, hosted by Darrell Thomas. Rule lays out the case for a decade-long commodity super cycle driven by 30 years of underinvestment in productive capacity. He delivers a sobering calculation: $39 trillion in on-balance-sheet federal debt plus $120 trillion in off-balance-sheet unfunded entitlement promises (a combined $160 trillion against $170 trillion in total private American net worth). The only realistic resolution, Rule argues, is a "dishonest default," inflating away the purchasing power of the dollar, just as happened in the 1970s when the dollar lost 75% of its value. Mark concurs, noting that the money supply is growing at record pace even as Washington insists it's being "restrictive."Mark's "Gold vs CRB Index" graph is available here: https://mises.org/MI175_GraphThe original VRIC interview is online here: https://www.youtube.com/watch?v=3kMiiC08TNo20% off listener offer on the new insulated Minor Issues tumbler and three of Mark's books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

Nick Hopwood, CFP® joined Steve Gruber on Daybreak for his weekly segment, continuing a 3.5 year run discussing the US economy and market trends. Nick highlighted the recent jump in gas prices and how rising fuel costs can pressure consumers and slow broader economic growth. He also noted the Federal Reserve is expected to pause and hold interest rates steady, with no additional cuts likely in 2026 based on current data. Looking ahead, Nick and Steve reminded listeners that summer months have historically been a slower period for the stock market, making it important for investors to stay disciplined and focused on long term strategy. — ✅ Apply For A Free Retirement Planning Session ✅ peakwm.com/start-here ------------------------------ Peak Wealth Management is a financial planning and wealth management firm in Plymouth, MI. We believe by providing education and guidance, we inspire our clients to make great decisions so they can Retire With Peace of Mind. Stay Connected With Us: Podbean: https://findingtruewealth.podbean.com/ YouTube: / https://www.youtube.com/@peakwealthmgmt Apple: rb.gy/1jqp6 (Trust the Plan Podcast) Facebook: https://www.facebook.com/PeakWealthManagement/ X: https://x.com/nhopwood1 https://www.peakwm.com/ 

President Donald Trump announced a 25% tariff on cars and trucks imported from the European Union, escalating trade tensions and raising concerns about higher prices for consumers. Subscribe to our newsletter to stay informed with the latest news from a leading Black-owned & controlled media company: https://aurn.com/newsletter Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Ryan McMaken, Jonathan Newman, and Joshua Mawhorter of the Mises Institute take a look at the politics of "fedspeak" and what officials at the Federal Reserve really mean when they say they're going to fix the Fed.Related:Jonathan's Article, "A Look Behind the Fed's Curtains": Mises.org/PM43aNYT, "How Kevin Warsh Could Shrink the Fed's Footprint in Financial Markets": Mises.org/PM43b

On World Affairs in Context with Lena Petrova, Ryan McMaken breaks down what the economic data is actually saying beneath the headlines. The money supply has grown by a trillion dollars in seven months, while the Fed insists policy is tight. Q4 GDP was quietly revised down to 0.5%. Consumer confidence is at multi-decade lows. And the stock market keeps hitting new highs.Ryan explains why these aren't contradictions. They're symptoms of the same underlying problem: a bubble economy sustained by continuous liquidity injections since 2009 that the Fed has never unwound and never will. He draws a striking parallel to Britain's 1956 Suez Crisis, when an expensive military operation accelerated the decline of sterling as the global reserve currency, and asks whether the Iran war is doing the same to the dollar.The original interview is available on YouTube.

In this interview with Trey Reich, Mark Thornton explains why gold's long-run trend is driven less by headlines and more by monetary debasement, and why Middle East conflict can perversely pressure gold in the short run by pushing oil higher and taking Fed rate cuts “off the board.” Mark walks through Austrian business cycle theory, the scale of malinvestment in private equity/credit and the AI boom, and why the Fed's real priorities are debt-rollover finance and backstopping the banking system. He also discusses why CPI is a flawed policy guide, why the global monetary regime is shifting away from the dollar standard, and why gold and silver could move dramatically higher as the next credit break forces the Fed back into aggressive easing.The original interview is available at https://www.youtube.com/watch?v=AlzCEchFNOY

On this episode of Minor Issues, Mark Thornton shows what most economic commentary misses: the market's intricate structure of production. Starting with a single oil-and-gas byproduct—sulfur—Mark traces how it becomes sulfuric acid, a foundational input for fertilizers, batteries, and especially metal mining. The lesson is practical: war and intervention can disrupt these unseen links, shrinking real incomes and quietly raising the cost of everything from food production to data centers, and even your next plumbing bill.In the second part of the episode, Mark features his recent interview on The Julia La Roche Show.20% off listener offer on the new insulated Minor Issues tumbler and three of Mark's books, signed if ordered by the end of April: https://mises.org/MinorIssuesTumbler. Use coupon code Thornton.Be sure to follow Minor Issues at https://Mises.org/MinorIssues

The US economy looks great on paper: high GDP, low unemployment, and booming markets. So why does it feel like the system is broken for so many people? To unpack the disconnect between macroeconomic data and everyday financial anxiety, we're joined by Chicago Booth professor Steve Kaplan. A staunch defender of the free market, Kaplan argues that despite our collective pessimism, American capitalism is actually delivering unprecedented prosperity. Are we just looking at the data wrong, or is the market failing us? From the staggering costs of the US healthcare system to the lasting scars of the China labor shock, we debate the deepest fractures in our modern economic framework. Recorded alongside the Stigler Center's economic conference "Can Capitalism Be Popular?" the conversation covers how to actually measure an economic system, the U.S. vs. Europe debate, the opioid crisis, health care lock-in, teachers' unions, UBI, and the core tension of the whole show: if capitalism is working, why doesn't it feel that way? Connect with us:

There are growing signs that the United States may be on the verge of another major financial crisis, one that could start in the $3 trillion private credit market, which is already seeing significant turmoil, before spreading to other sectors. Geopolitical Economy Report editor Ben Norton interviewed economist Michael Hudson to discuss the serious problems on Wall Street. Hudson warned that the US economy is built on a Ponzi scheme that depends on continuing to pour money into a bloated, bubbly financial system based on unsustainable speculation, not industrial production. VIDEO: https://www.youtube.com/watch?v=Blv49u3Q230 Check out our related short video about the private credit crisis on Wall Street: https://www.youtube.com/watch?v=S1cx9Zk6WZk Topics 0:00 Introduction 1:37 Highlights of Michael Hudson 3:29 Interview starts 4:18 2008 financial crisis 5:04 Zero interest-rate policy (ZIRP) 7:31 Private equity 9:17 Lack of investment 10:34 Wealth inequality 12:08 Debt defaults 14:10 Depression fears 16:12 US govt supports Wall Street 19:07 Ponzi schemes 23:51 US economic problems 27:35 Iran war impact 30:16 Financialization of economy 33:46 Outro

The Resilience of the American Consumer Guest: Elizabeth Peak Elizabeth Peak and John Batchelor discuss the robust state of the US economy. Despite global conflict, consumer spending remains high, and the Trump agenda of deregulation and tariffs continues to foster domestic growth.1839 RHINELAND

On Tax Day, trillions flow into the United States government. But new analysis shows a significant share is directed toward war, defense contractors, and border enforcement, while healthcare and food assistance face mounting pressures and cuts. As deficits grow and everyday costs rise, what do these budget choices reveal about who the system is built to serve, both in the US and beyond? In this episode: Lindsay Koshgarian (@lindsaykosh), Program Director, National Priorities Project Episode credits: This episode was produced by Marcos Bartolomé and David Enders with Tamara Khandaker, Catherine Nouhan, Tuleen Barakat, Adhil Veetil, Firas Yateem, Michel Bou Dagher, and our guest host, Kevin Hirten. It was edited by Sarí el-Khalili. Our sound designer is Alex Roldan. Our video editors are Hisham Abu Salah and Mohannad al-Melhemm. Alexandra Locke is The Take’s executive producer. Connect with us: @AJEPodcasts on X, Instagram, Facebook, and YouTube