Ep. 5804 - David Stockman on the Economy and the Misplaced Fear of China - 11/11/22

Scott is joined by David Stockman to talk about the economic issues facing the world today. To start, Stockman explains where the American economy stands today. He argues that the crash of 2020 represents the next stage in a 50-year evolution of the boom-bust cycle. They also touch on the labor markets, which Stockman argues are not doing as well as the news would have you believe. Next they turn to China, where Stockman says an accelerating slide back towards central planning that’s all built on an absurd level of debt should dispel the idea we’re headed for a world run by Beijing. He also debunks the myth that China has been waging an effective economic war on the U.S. since the 1990s. Instead, Stockman says America’s economic troubles are all the Fed’s fault. Lastly, Scott and Stockman take a step back and look at how the dollar is faring on a global scale.

Check out the interview page here: https://scotthorton.org/interviews/11-11-22-david-stockman-on-the-economy-and-the-misplaced-fear-of-china/

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For more on Scott's work:
Check out The Libertarian Institute: https://www.libertarianinstitute.org
Read Scott's latest book, Enough Already: Time to End the War on Terrorism:
https://amzn.to/3tgMCdw
Read Scott's first book, Fool's Errand: Time to End the War in Afghanistan: https://foolserrand.us
Follow Scott on Twitter using the handle @scotthortonshow: https://twitter.com/scotthortonshow
Like Scott's Facebook Page: https://www.facebook.com/scotthortons...
And check out Scott's full interview archives: https://scotthorton.org/all-interview...

You can also support Scott's work by making a one-time or recurring donation at https://scotthorton.org/donate/
Or you can donate per interview at Patreon: https://www.patreon.com/scotthortonshow