Great Economic Primer

The first of many podcasts by Lew Rockwell, Jr. was published Monday on lewrockwell.com (download the mp3 here). This podcast serves as a great economic primer for increased understanding of the challenges we face today. Here are some concepts he covers in the podcast:

  • difference between a recession, depression, crash, slowdown, and hiccup
  • impact and value of the Austrian economist Murray Rothbard
  • Federal Reserve and U.S. Treasury
  • inflation
  • U.S. banking system
  • Fannie Mae and Freddie Mac dibacle
  • current housing crisis
  • consequences of government intervention in the economy (in the name of “fixing” problems)
  • historical context and explanation of the depression in the 1920s

Latter-day Saints are admonished in scripture to understand “things which are at home, things which are abroad; the wars and the perplexities of the nations, and the judgments which are on the land” (D&C 88:78-80). This and future podcasts by Lew Rockwell will be a great boon for increased knowledge and understanding of our nation’s perplexities.

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1 Comment

Filed under Austrian Economics, fiscal policy, role of government

One response to “Great Economic Primer

  1. I enjoy reading your articles. Lew Rockwell’s podcasts have been terrific. The podcast on investing in metals was paticularly thought provoking. I plan to research more on that topic and start buying real money.

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