Economics with Professor Peter St. Onge: Will the US lose it currency reserve status?

On today’s episode we talk with Professor Peter St. Osange. Peter is an economics professor at the heritage foundation. Peter is a frequent contributor to Coindesk and the Wall Street Journal, and he’s a fellow at the Mises Institute.   In this episode we discuss the fundamental differences between Keynesian and Austrian economics, the concept of hoarding money as ethical and what would happen if the US dollar lost its reserve status. We also discuss El Salvador’s Bitcoin legal tender law.   Peter compares the current economy to where we were with the 08-09 financial crisis, and he gives predictions on how long this current debt cycle can last. Peter gives an interesting analysis on the fundamental driver to Bitcoin’s price volatility. And Peter gives his price predications for Bitcoin.   This was a fantastic discussion. I know you will enjoy it.   You can connect with Peter on Twitter @profstonge     Our Sponsors: Jeter Melder, llp is more than a law firm; it is a legal team. Justin and Michael have over thirty years of experience working with different clients on different legal issues from different sides of the docket in areas such as: Business Disputes, Constitutional Rights, Employment Agreements, Employment Discrimination, Local Counsel, Pay issues Jeter Melder have advocated in federal and state courts in Arkansas, California, Illinois, New Mexico and Texas. With a unique blend of clients from doctors, fellow attorneys, tradesmen, hourly workers and the unemployed to small businesses and Fortune 500 companies – they all have one thing in common – they Believe in Jeter Melder and Jeter Melder believes in them. Give them a call at 214-699-4758 or visit them at jetermelder.com If you would like to donate to the show: 0379b3a9a7cf9ce216d4f80f8dd61416ddac10909fb0c9dfa9b28b05b323a51a5c