America’s Broke in a Booming Economy | An interview with Thomas DiLorenzo

The economy’s “booming,” but why does it feel like you're getting poorer? Economist Thomas DiLorenzo joins The Rice Report to expose how central banking, fake prosperity, and destructive policies are crushing the American people—while politicians and elites get rich.

💡 What You’ll Learn in This Video:
✅ Why the Federal Reserve is the root of inflation & boom-bust cycles
✅ How tariffs and central planning hurt the economy
✅ The truth about GDP, housing, and government spending
✅ Why Austrian economics is the ONLY way out
✅ What real prosperity looks like—and how to get it back

💬 Comment below: Do you think this economy is real or just smoke and mirrors?
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Timestamps:

00:00 - Intro: Austrian vs. Keynesian Economics
01:12 - What Is Keynesian Economics?
03:33 - Government Spending & the Great Depression
05:17 - Austrian Economics Explained
07:09 - Why Production is Greater Than Consumption
08:52 - The Role of Capital, Savings & Investment
10:27 - Central Banks: Austrian vs. Keynesian Views
12:28 - Interest Rates & Central Planning
14:00 - Tariffs, Trade, and Trump's Trade Policy
16:35 - Tariffs as Taxes: Impact on Consumers
18:54 - Are Tariffs Good for Domestic Production?
20:49 - NAFTA, Free Trade & Trade Deficits
22:41 - Misconceptions About Trade Imbalances
24:01 - GDP Measurement Problems
25:45 - Housing Costs & Inflation
27:11 - Overregulation in Housing & Building
28:49 - Keynesian Failure in Disaster Recovery
30:20 - Fixing the Economy: The Austrian Blueprint
32:27 - Deregulation & Tax Cuts as Economic Catalysts
34:03 - Abolishing the Fed & Monetary Reform
35:10 - Promoting Austrian Economics: Mises Institute
36:25 - Final Thoughts on Tariffs & Central Banks
38:07 - Who Defends the Fed and Why?
39:34 - Fed Propaganda & PhD Economists
41:10 - Greenspan, the Maestro & the 2008 Crash
43:10 - Call to Action: Learn Austrian Economics