Hello everybody and thank you for tuning into the Liberty Report with us today as Daniel

McAdams our co-host Daniel good to see you today.

Good morning Dr. Paul how are you?

Good good thank you.

Good.

Ready and ready to go here.

We could make a comment on something very generalized but that's what's going on and

all the many different things that have been going on with COVID with the Federal Reserve

with spending and the deficits and all these things.

Add up to the chaos that we're having the economic chaos and I think most people think

more about COVID in the lockdown and Biden and the mandates as the cause and he certainly

is a major cause of it but there are other things in this episode of a downturn that we

have in all this spending.

Actually I became very much aware of it and you probably recall me talking about before

COVID broke out there was evidence, clear evidence that once again the Fed had overextended

itself.

It was in the mood to turn things down a little bit and raise interest rates.

The markets had turned down and it looked like it was going to be a major major problem

but I think they didn't have enough excuse to do what they ended up doing.

I really print a lot of money and I've run a lot of debt.

Psychologically nobody was quite there yet.

We hadn't accepted the money market theory, the modern monetary theory.

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