| Cliff Küle’s Dollar Debauchery Interview of Doug French.
Casey Research’s Doug French explains how the Austrian School of Economics explains the causes of the global financial crisis and what solutions it recommends to get out of it .. French: “There is no possible way U.S. debt can be repaid” – French thinks government will try to inflate their way out of the debt by printing lots of money, depreciating the value of the currency to make it easier to repay the debt .. French emphasizes that the so-called 99% should direct their discontent at central banks and governments as the cause of wealth inequality and massive debt .. central bank money printing benefits those who get the money first – the financial sector and governments, not Main Street. |
Douglas French is former president of the Mises Institute, author of Early Speculative Bubbles & Increases in the Money Supply, and author of Walk Away: The Rise and Fall of the Home-Ownership Myth. He received his master's degree in economics from UNLV, studying under both Professor Murray Rothbard and Professor Hans-Hermann Hoppe.
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