Hello, everybody, and thank you for tuning in to the Liberty Report. With us today, we have Chris Rosini,

our co-host. Chris, welcome to the program. Great to be with you, Dr. Paul. Very good. You know,

our president is very optimistic. The economy's doing well. And I don't know. I have some concerns.

I'll bet you have a few concerns as well.

But the president says that we have the biggest boom in history.

And you know what?

Maybe we do.

Artificial.

This is an artificial boom because it's fake.

And that I think makes a big difference difference so we'll dissect this out a little

bit because that's the one characteristic of artificial stimulation and control of the economy when

they do it through monetary policy you print the money you run up the debt, the market says no more, you have to quit,

and then it corrects it in order to get growth again. You have to get rid of the fake growth,

and then you have bankruptcies, and then you have inflation, and then you have to start all over again.

So yes, there may be a huge boom going, and he ought to hope it isn't the

biggest in history, because that means what? That the correction for the biggest boom in history

is going to be the biggest correction ever. We don't know that for sure. Maybe they'll get lucky,

and it won't be quite as bad. But I'll tell you what, the people who adhere to Austrian economics, they're not very optimistic about how we get out of this necessity of having a correction of this excesses that we've been living with. And I say they started in 2008 with QE3 and zero rate

interest rates and then spending and going on and on and everything has been wonderful. And

spending has been, you know, fantastic. And they just added, but also the debt has been fantastic so yes there may be

well a big boom going on but it be like you and i going out and well our company's doing pretty

good our credit squint let's borrow a million dollars a month and we raise our salaries well we might be able to do

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