Dr. Murray Sabrin: Federal Reserve Created a Ponzi Scheme

(Before It's News)

from WallStForMainSt

Jason Burack of Wall St for Main St had on first time guest, finance professor, Austrian School Economist and US Senate candidate, Murray Sabrin, http://murraysabrin.com/

Murray has a number of good documentaries out about taxation and the Federal Reserve available for free on You Tube.

During this 30+ minute interview, Jason asks Murray about his background and how he found the Austrian School of Economics?

Murray says he found Austrian School Economics by accident while on an airplane. He saw an article by Murray Rothbard about President Nixon's wage and prices controls in the 1970s.

Jason then asks Murray about the problems with Keynesian Economics.

Jason asks Murray if he thinks the 2 party political system is broken?

Murray thinks there's very little difference between both parties and its been this way for decades.

Jason and Murray then discuss inflation, deflation, stagflation, asset bubbles and whether the central planners will allow deflation for a long period of time without massive intervention?

Murray talks about beneficial deflation in the economy and how Keynesians refuse to recognize any deflation as good.

To wrap up the interview, Jason asks Murray if he thinks the people in power can kick the can down the road and keep printing for another 10 years? Murray thinks a tipping point is coming again like in 2008 in the next few years.

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