Charles Goyette, former Antiwar Radio co-contributor and author of The Dollar Meltdown : Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments, discusses his LRC article “Obama Gets it Half Right,” the diminishing returns of government “stimulus” deficit spending, Bernanke’s additional job duty: juice up the stock market, why we need higher interest rates (but the decision and power to do so should not be centrally planned), the Fed as last buyer of Treasury debt, and now the largest holder, and the foreign policy implications of bad economic policy: increased militarism by desperate politicians trying to distract the public from the actual problems.
MP3 here. (19:56)
Charles Goyette was a longtime award winning morning drive-time radio host from Phoenix, AZ. He is a libertarian commentator, who is noted for his outspoken anti-war views, his opposition to the war in Iraq, and his economic commentary. He is the author of the book The Dollar Meltdown: Surviving the Impending Currency Crisis with Gold, Oil, and Other Unconventional Investments.