Ph.D. Economist Reveals the Truth About Govt. Spending & Interest Rates | Peter St Onge

Mitch Askew interviews Peter St Onge. Peter is a Ph.D. Economist at the Heritage Foundation & Mises Institute. Mitch & Peter dive deep into Austrian Economic theory, the problems with government spending, zombie economies, the sovereign debt crisis, Bitcoin, and more! If you enjoy this conversation, make sure to like and subscribe. It really helps out the channel! 🔥For weekly insights on Bitcoin, Bitcoin Mining, and Macro, subscribe to our FREE newsletter: https://newsletter.blockwareintelligence.com/ ***Blockware Solutions*** ⛏️Start mining Bitcoin today with the Blockware Marketplace: https://marketplace.blockwaresolutions.com/marketplace How to use the Blockware Marketplace: https://x.com/BlockwareTeam/status/1712154851877016035?s=20 ***Stamp Seed*** Upgrade your security by hammering your Bitcoin seed phrase into titanium plates using Stampseed. Use Coupon Code "BLOCKWARE15" for 15% off sitewide. https://stampseed.com/?mtm_campaign=blockware ***OrcaVPN*** OrcaVPN is a virtual private network (VPN) service that encrypts your internet connection and hides your IP address, ensuring your online activities are private and secure. Access OrcaVPN for $1.99 per month using the code: BLOCKWARE https://orcavpn.co/ ***Follow us on Twitter*** Mitch: https://twitter.com/MitchellHODL Blockware: https://twitter.com/BlockwareTeam Guest: https://twitter.com/profstonge 00:00 Intro 03:20 Why the political right hasn’t yet embraced Bitcoin 08:16 Is Bitcoin susceptible to rehypothecation 10:20 Why GDP doesn’t tell the whole story about the economy 14:08 Government workers are bad for the economy 17:09 Are we in a shadow recession? 19:42 What has to happen for the Fed to cut? 22:48 Are we headed to stagflation? 26:37 Is it possible to resolve the debt without inflating it away? 28:04 Japan’s Zombie Economy 36:52 Could Japan cause a global recession? 38:04 The fragility of the fiat system 41:40 Did WW2 actually end the great depression? 45:08 Why rate hikes are actually the best way to end a recession 50:49 How would credit work on a Bitcoin standard? 54:10 Hard times make strong men, the 4th turning, hard money 1:00:54 Where does Peter get the fun shirts?