This is the second part of my interview on the Keiser report.
Max and I do not agree....start at around 14 minutes in.
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I thought you did very well. Max, bless his austrian metal/digitalbug heart, is only as good as his guests and he seems to accept that.
His year zero solution re interest rates came across as pretty silly.
Hope to see you on again, 20-25 minutes to speak reasonably freely on colour television these days is pretty rare.
Max has some pretty odd views, but as you say, if you’re robust you can get a word in edge ways
Let’s hope Labour pick up your narrative this afternoon.
I thought you did rather well. I watch Max regularly and it’s hard for his guests to make any headway against his ravings, but you held your own.
Thanks
Wow Richard, I was wondering if you achieved the status of being the person to have kept manic Max silent for the longest time!
Once the Murphy stream of consciousness flow starts-great performance-
I watch Keiser regularly and he points out many good things but his Austrian/goldbug/ bitcoin stance is a pain.
You made your points really well. The elephant in the room, though, will be inflated house prices; even if wage levels were to rise and more housing built with a sizeable rentier how do we deflate house prices? No-one can answer this as far as I know, 30 years of bubbling has screwed us and guaranteed wealth transfer to a minority, the primacy of inherited wealth and a low income serfdom with no hope. Max’s negative equity crash scenario (perhaps on a smaller scale than he suggests!) might be the only way followed by a real rebuilding of a functional economy.
Too uncomfortable to contemplate I think