Both Parties Continue Financial Nihilism Over Free Markets

We’re joined by Craig Shapiro, a macroeconomist, to offer a long-term view of this administration’s economic policies. Shapiro notes that the administration began with a promise to re-privatize the economy and shift away from asset bubbles, but in fact, it has chosen Big Tech and the stock market even more than the previous administration. He explains how the average consumer and worker (and even industry) continue to suffer, while the stock market benefits from the AI bubble. It’s beginning to look a lot like 1929, with investors so desperate to survive inflation that they are increasingly engaging in speculation to create a bubble of despair, not belief.