Scott is joined by Peter St Onge to talk about how the government uses the Federal Reserve to enrich the politically connected at the expense of everyday people. St Onge explains how we arrived at this crazy economic moment and draws comparisons to the stagflation of the 1970s. He and Scott also talk about the destructiveness of recessions, debunk common myths about inflation and discuss what’s happening in China. Discussed on the show: St Onge’s Youtube Channel The Case Against the Fed by Murray Rothbard Secrets of the Temple: How the Federal Reserve Runs the Country by William Greider Peter St Onge is an economist at the Heritage Foundation and a fellow with the Mises Institute. He makes daily videos breaking down economic news. Follow him on Twitter @profstonge This episode of the Scott Horton Show is sponsored by: Moon Does Artisan Coffee; Roberts and Robers Brokerage Incorporated; Tom Woods’ Liberty Classroom; Libertas Bella; ExpandDesigns.com/Scott. Get Scott’s interviews before anyone else! Subscribe to the Substack. Shop Libertarian Institute merch or donate to the show through Patreon, PayPal or Bitcoin: 1DZBZNJrxUhQhEzgDh7k8JXHXRjY Learn more about your ad choices. Visit megaphone.fm/adchoices