Hello, everybody, and thank you for tuning into the Liberty Report with us today. We have Chris

Rosini, our co-host. Chris, welcome to the program. Great to be with you today, Dr. Paul.

Very good. You know, we're asking ourselves a question. We're trying to answer it because a lot of

people are concerned about it, and they're talking about it. And that's an economic catastrophe, and people, you know, recognize that there was a lot of people are concerned about it and they're talking about it. And that's an economic catastrophe.

And people, you know, recognize that there was a lot of talk in the campaign and they are putting

their bet on Trump that he can handle this and that's hope he can because he does have some

ideas about cutting. But, you know, it's not like this economic catastrophe that everybody's worried about

is something new. I think it's almost like eternal from the very beginning of the money

issued that people want a free lunch. You know, in the 1970s, when I first got interested in

organized politics, the libertarians, you know, came out with a slogan.

There ain't no such thing as a free lunch.

I always thought that's neat.

They don't use it as much anymore.

But that really, it tells a lot because a lot of people think there is a free lunch.

And Keynes certainly decided that he could get a free lunch and

he had this scheme of inflating the currency and writing regulations and doing all these things

and you get the benefits in increasing the value of the dollar you know with the inflation and more dollars

and in some ways it's true for a short period of time.

And in other ways, it's a temptation to overdo it, and then that causes the distortion.

But by the time that filters down to the voter who gets very annoyed by this, like in this last campaign, a lot of times, you know, they

said, we want something done, and I've said so many times, their answer is sending me more

money. Prices are going up. But sometimes people come up with the idea that this is a solution

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