Pop Goes the Auto Bubble

I recently appeared on Inside the News with Paul Jensen and Suzanne Sherman on K-TALK AM1640 in Utah to talk about the popping of the auto bubble and more generally how the Federal Reserve has set us up for the next big crash.

Paul, Suzanne and I talk about the recent layoffs announced by GM. I explain how this is yet another sign that the Fed-induced bubbles are starting to pop, and how Federal Reserve monetary policy pumped up the bubbles in the first place. I also discuss President Trump’s strategic error in taking credit for the “booming economy.”

We also touch on the issue of rights. I emphasize that despite the name, the Bill of Rights does not actually give anybody any rights. It restricts government from infringing on rights we already have.

Tags: automobile industry, Bill of Rights, Donald Trump, Federal Reserve, GM

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Mike Maharrey

Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center. He is from the original home of the Principles of '98 - Kentucky and currently resides in northern Florida. See his blog archive here and his article archive here.He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty., and Constitution Owner's Manual. You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE

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