
Episode 62 • • 1:25:16 - 1:28:28
62: The Greatest Depression
Interest Rates, Inflation, Banking Protection
The Federal Reserve has lowered interest rates to near zero, a move explained as a mechanism to protect banks rather than consumers. The discussion covers how inflation allows debtors to pay back loans with "cheap" money, which ultimately devalues the assets of lenders. The hosts warn that significant inflation is inevitable given the massive amount of money being printed for bailouts.
