Memecoins are having a moment, but who's making money off them? On today's show, how a dearly beloved internet squirrel found an afterlife as a cryptocurrency and how others, including President Trump, are trying to capitalize on online fame.
Ben Smith, former media columnist at the New York Times and now the editor-in-chief of Semafor, joins Dan to talk about today's ultra-challenging news media landscape. The industry is significantly weaker than it was in 2016, and Trump's aggressive lawsuits have the executives in charge of CBS and ABC scrambling to appease him. Will the death blow for America's free press come from within? Smith runs through what we should have learned from the first Trump presidency, how cults of personality rule in journalism just like they rule in politics, and why the dominance of the Times is terrible for fascism-proofing the country.
For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.
The Trump team plans to tinker with government spending, but this does nothing to address the real problem which is the current inflationist monetary experiment.
No macroeconomics or monetary theory course is complete without introduction of the Equation of Exchange, or MV = PQ. However, this equation explains nothing, praxeologically speaking. Instead, it clouds our understanding of how money fits into our economy.
Perhaps John Maynard Keynes' best con job was convincing people that a growing economy needs inflation, lots of inflation. As David Gordon points out, however, Ludwig von Mises eloquently explained why inflation undermines the free market economy.
President-Elect Trump has been threatening tariffs against BRICS countries unless they abandon their plans to abandon the US dollar. While Trump may come off as being "tough" in his negotiations, he cannot bluster his way to a stronger dollar, thanks to reckless monetary policies.
Britain‘s new Labour Government is doing what leftist governments always do: raising taxes on everyone, but pretending that only the wealthiest citizens will pay more. Middle-class British farmers are quickly finding out that the taxman is coming for them too.