Bob Murphy joins Darryl Cooper & Scott Horton to discuss the U.S. debt situation, rising interest rates, and the Treasury’s reliance on shorter-term borrowing. They also talk about the dollar’s role as a reserve currency, Japan’s rising rates, and how these shifts could affect demand for Treasuries.
They then cover possible responses to the debt problem, including inflation, default, and spending cuts. Finally, they discuss inflation’s social effects and the impact of AI and automation on jobs, productivity, and inequality.
Chapters:
0:00 Intro
0:48 Welcoming Bob Murphy to the Show
2:11 Treasury Bubble Talk
5:35 Japan’s Warning Sign
10:36 Dollar Rescue System
14:46 De-Dollarization Accelerates
23:10 Trump on Rates
25:25 Interest Rates Explained
33:23 Default or Print
35:45 Yen Carry Trade Ends
40:19 Forced Treasury Demand
41:37 Debt and Empire Risks
44:21 What Happens if the Dollar Falls?
47:32 Inflation Changes Behavior
51:26 How Bad Could Collapse Get?
54:38 AI, Jobs, and Disruption
1:08:29 Preventing Civilizational Breakdown
1:10:52 Planning for Secession
1:14:12 Russia’s Hyperinflation Lesson
1:19:14 Gold, Yuan, and Bretton Woods 3
1:22:52 China’s Dollar Exit
(Cleaned up w/ the Podsworth app. https://podsworth.com)
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Provoked show site:
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Darryl's links:
X: @martyrmade
Scott's links:
X: @scotthortonshow
https://antiwar.com
https://scotthorton.org
https://www.scotthortonshow.com
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