Bitcoin Is a Sideshow
Earlier this week, Peter joined Rachel Lee on her show, The Corner Office, for an interview on President-elect Trump’s campaign strategies, the nation’s debt-driven economy, and Peter’s predictions for the future of precious metals. They also discuss Trump’s inconsistent views on crypto, the hidden costs of tariffs, and the fate of the dollar, cautioning that its decline could sharply impact the American standard of living.
Peter drops the painful truth early in the interview, pointing out that we are quite far from a healthy economy. We can’t even see the light at the end of the tunnel:
It’s going to get worse before it gets even worse. I mean, we’re not at the point where it’s going to get worse before it gets better yet, because we haven’t actually done anything to bring about the kind of constructive pain that would eventually lead to long-term gain.
Of course, Trump’s second term will probably make things relatively better than they would be under a Democratic president. But that doesn’t mean it’ll be good:
The pretend great economy that Trump had, by comparison to the pretend great economy that Biden has, wasn’t as bad. So, it looks good by comparison. People would prefer to go
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
