Steve Baker: The Impending Sovereign Debt Crisis | Peter McCormack Podcast

Steve Baker is a former Conservative Member of Parliament (MP) for Wycombe, serving from 2010 until 2024.

In this episode, we discuss pressing economic and political issues such as the challenges of government debt, inflation, and the often overlooked consequences of central bank policies. With a focus on the impact of taxation and government spending on individual freedoms and economic productivity,. We also discuss the structural inefficiencies in politics and examine the growing disconnect between politicians and economic realities.

Reflecting on his experience in Parliament, Steve emphasises the need for public education on economic fundamentals, a paradigm shift in policy-making, and personal financial resilience, exploring how Bitcoin and free-market principles could offer solutions to a system he believes is deeply flawed.

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00:00:00 - Introduction
00:01:05 - Free-market Values
00:14:49 - European Constitution
00:32:54 - Government Understanding of Economics
00:44:22 - Rethinking Wealth Creation
00:46:09 - Coming off the Gold Standard
00:52:30 - Generational Economic Burdens
01:02:42 - Importance of Bitcoin
01:05:49 - Taxation and Productivity
01:08:31 - Debt Projections & Economic Stability
01:10:55 - Resource Scarcity
01:21:05 - The Nuance of Populism
01:22:09 - Political Cycles v Economic Cycles
01:35:00 - Monetary Policy
01:39:47 - Economic Crisis
01:46:43 - Bitcoin's Potential Role
01:48:26 - Independent Financial Ecosystems
01:50:11 - Public Education on Money & Debt

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