It’s no secret to anyone paying attention that the economy is not doing well.
While recent policy changes under the current administration are clearly having a negative impact, Dave Rubin wonders if there’s more to this story.
“Do you feel like this is setting us up to build a giant system that’s not going to work and will continue to confuse people?” Rubin asked Robert Breedlove, host of the “What Is Money?” podcast.
“I think this is one of those things that maybe those of us who live in our corner of the internet go through: They call us conspiracy theorists,” Breedlove said, adding, “The difference between a conspiracy theory and fact is about three months.”
While he agrees that something is seriously wrong with the economy, he told Rubin that hearing this particular version of the conspiracy theory “makes me a little skeptical.”
“You know, a bunch of James Bond villains get together in a room and plot to take over the world,” Breedlove says. “I try to be a bit more realistic about it. I think it’s just an incentive.”
Breedlove recalled a recent conversation he had with Ed Dowd in which Dowd used a “meth scam.”
“He’s saying that even with the pandemic, there’s a top-down element to it, but there’s also broken incentives that are creating pathological outcomes in some ways,” he explains.
“So I think you can read books like The Monster on Jekyll Island about the creation of the Federal Reserve, the central bank of the United States, but there were clearly a small number of people who were very interested in having a central bank in the United States.”
“But,” he continues, “I don’t think even they could have foreseen all the problems it would cause over the next 100-plus years.”
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