Having done lots of fishing this summer at Camp Kotok in northern Maine, Danielle
DiMartino Booth is here interviewed by FRA's Gordon T Long. Danielle is a
former Dallas Federal Reserve Bank Advisor and now the Chief Market
Strategist of The Liscio Report.
She takes an Austrian School of Economics viewpoint on economic and financial
matters.
Danielle emphasizes how she understands financial repression "in her bones" because
she worked in "The Financial Repression Factory", referring to the Federal
Reserve. She understands the level of malinvestment, mispricing and lack
of price discovery as the unintended consequences of repressive and obfuscating
monetary policies of central banks. She thinks the Federal Reserve "does
not have a deep enough appreciation of malinvestment ... as if Ludwig von
Mises never walked the planet."
She is angered by the considerable level of savings which has been foregone
thanks to the quantitative easing (QE) policies of the Federal Reserve. Gone
are the days of retiring on a Certificate of Deposit paying a decent level
of interest income, due to the virtually 0% interest rates.
Danielle says there must be a renewed emphasis on education and innovation
in America for it create jobs and jobs that are higher-paying generally than
is currently the case.
July
2015 Speech by Danielle DiMartino Booth
