Exposing Inflation Myths and Realities - Tom DiLorenzo #6221

Tom DiLorenzo and Kerry Lutz discussed the significant influence of Mises.org, which attracts over three million annual readers and fosters interest in libertarian principles, particularly among youth. DiLorenzo highlighted the role of professors in introducing students to Mises' writings and provided an overview of the Austrian School of Economics, emphasizing its focus on human action and market efficiency. They also critiqued government inefficiencies, particularly in the context of California's infrastructure failures during crises, contrasting it with more effective governance in states like Florida. Both expressed frustration with the state's political leadership, particularly Governor Newsom, for inadequate disaster management. The conversation further delved into the manipulation of economic statistics by politicians, with Lutz and DiLorenzo asserting that the true state of inflation and employment is often misrepresented. They discussed the necessity for government to adapt to technological advancements, citing historical examples of successful transitions in various industries. DiLorenzo reflected on the impact of automation on jobs, drawing parallels to past technological shifts. Additionally, they examined Mises' views on limited government functions and critiqued military interventions that disproportionately benefit a select few. The discussion highlighted the complexities of economic and military actions throughout history, underscoring the need for a more realistic understanding of these issues. Find Tom here: http://mises.org Find Kerry here: http://financialsurvivalnetwork.com/ and here: https://inflation.cafe