(Audio & Transcript) Mandeville, LA – Today’s transcript beginswith a Jacob Heilbrunn editorial written in the Los Angeles Times, apiece that the KingDude deems despicable. He starts things off bytaking up for BernYankMe by calling Ron Paul an isolationist – we saymaybe the isolationists have a point. He then claimsthe Federal Reservewas created to issue currency and set interest rates for banksbalancing the risk of recession and inflation with every decision, wesay that’s a good theory but what it does today is central economic planning. From this we can only deduce that Heilbrunn is a diluted, Neo-Con hack.
EnterFredrich Von Mises and the school of Austrian Economics. Central banksshould not set interest rates, markets should set interest rates. Whentoo much money is loaned out you get mal-investment, the rates then goup, the lending is curtailed and bad investments are liquidated.Soundfamiliar folks?
(transcript to follow)
Related Material: Be able to point out all your Neo-Con favorites better than you can point out where your tax dollars are going by letting the archives of The Mike Church Show on Sirius/XM’s Patriot Channel be your guide:
Host of the Mike Church Show on The Veritas Radio Network's CRUSADE Channel & Founder of the Veritas Radio Network.
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Mandeville, LA – Exclusive Transcript – "Abortion, and even contraception, even in the prevention of pregnancy, is verboten in church teaching. This goes all the way back prior – this is taken directly from the gospels, directly from the Old Testament, and then passed on traditionally." Check out today’s transcript […]
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