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11/11/22 David Stockman on the Economy and the Misplaced Fear of China
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…
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