EP:59 - Bob Murphy Cracks Wise

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