7/11/24 Mike Swanson on the Concerning Growth of the Debt-to-GDP Ratio

Scott Horton Show - Just the Interviews

Scott Horton

News, Politics

4.8 • 902 Ratings

🗓️ 15 July 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Mike Swanson returns to the show to talk about the state of the economy. He fills Scott in on some of the work he’s done analyzing how economies fare once the national debt-to-GDP ratio reaches a certain height. What he’s found is that serious issues tend to kick in right at the level the US is projected to hit in 2026. He and Scott discuss this and other topics related to the American economy. Discussed on the show: This Time Is Different: Eight Centuries of Financial Folly by Carmen M. Reinhart and Kenneth S. Rogoff Principles for Navigating Big Debt Crises by Ray Dalio Soylent Green (IMDb) Mike Swanson provides investment advice at wallstreetwindow.com and is the author of The War State: The Cold War Origins Of The Military-Industrial Complex And The Power Elite. He also works with the Neopolis Media Group, a group of historians, educators, authors, researchers, and free speech advocates who endeavor to provide original and engaging content, including The Ochelli Effect, and The Lone Gunman Podcast. This episode of the Scott Horton Show is sponsored by: 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

Transcript

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0:00.0	All right, y'all welcome to the Scott Horton's show.
0:02.0	I'm the director of the Libertarian Institute.
0:09.0	I'm the director of the Libertarian Institute,
0:14.8	editorial director of anti-war.com.
0:17.6	Author of the book, Pools Arren,
0:19.6	time to end the war in Afghanistan,
0:21.6	and the brand new enough already. Time to end the war in Afghanistan and the brand new enough already time to end the war on
0:24.8	terrorism and I've recorded more than 5,500 interviews since 2003 almost all on
0:31.3	foreign policy and all available for you at
0:34.3	Scott Horton.org you can sign up the podcast feed there and the full
0:38.6	interview archive is also available at YouTube. YouTube. from Wall Street Window.com and author of The War State and also why the Vietnam War.
0:57.0	Welcome back to the show. How you doing, Mike?
0:59.0	Oh, it's great to talk of you today, Scott.
1:01.0	Really good to talk to you again, man.
1:03.2	Hey, so I get your emails in my email here,
1:06.8	and this one really caught my eye.
1:09.2	U.S. debt to GDP grows in first quarter, on track to hit danger level and then you say you read
1:17.8	this book by this guy and he does this survey history and says there's sort of a
1:22.2	magic number when your debt to GDP ratio gets
1:26.6	too dang high and that we're close to that.
1:30.4	Is that really true and what does that really mean for the average goofball like me?
1:35.0	Well, um, back up a little bit. In 2008, you know, everything crashed and we've gone through a bunch of downturn in the past
	...

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