Jason Burack of Wall St for Main St had on returning guest Austrian School Economist and author, Robert Murphy http://consultingbyrpm.com/blog
Robert's bio and his Mises articles can be found here: https://mises.org/profile/robert-p-mu...
Robert hosts the popular Contra Krugman podcast with Tom Woods that debunks each of Paul Krugman of the NY Times' articles: http://contrakrugman.com/
Robert's many popular Austrian School of Economics books can be found here: http://www.amazon.com/Robert-P.-Murph...
During this 35+ minute interview, Jason starts by asking Robert about the long term consequences to the interventionist policy of the Keynesian central planners.
Robert talks about the Austrian Theory of the Business Cycle and how while the bust has been delayed, it has also been made much larger.
Jason and Robert discuss Keynesian Economics and why Keynesian Economics won't die. Robert thinks the people in power love it because it gives them the justification to do what they already wanted to do.
Next, Jason asks Robert if he sees parallels to the US now and prior to the 1929 stock market crash and ensuing Great Depression since he wrote a book about the Great Depression of 1929 and the New Deal.
Robert says the 2008 crash resembled the 1929 crash and the roaring 20s were similar to the housing bubble of the 2000s prior to the 2008 crash.
Robert then talks about how the history books have Herbert Hoover incorrect labeled as a proponent of the free market when in fact he was a massive interventionist.
To wrap up the interview, Jason and Robert talk about how Wall St and Keynesians don't count asset price inflation as inflation while Austrians do and why Keynesians hate saving and deflation so much.
