{"id":18766,"date":"2013-01-27T11:13:00","date_gmt":"2013-01-27T16:13:00","guid":{"rendered":"http:\/\/quotulatiousness.ca\/blog\/?p=18766"},"modified":"2013-01-27T11:13:00","modified_gmt":"2013-01-27T16:13:00","slug":"reason-tv-two-cheers-for-the-coming-collapse-of-the-u-s-economy","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2013\/01\/27\/reason-tv-two-cheers-for-the-coming-collapse-of-the-u-s-economy\/","title":{"rendered":"Reason.tv: Two Cheers for the Coming Collapse of the U.S. Economy!"},"content":{"rendered":"<p align=\"center\"><iframe loading=\"lazy\" width=\"853\" height=\"480\" src=\"http:\/\/www.youtube.com\/embed\/i4CC1hvddug\" frameborder=\"0\" allowfullscreen><\/iframe><\/p>\n<blockquote><p>&#8220;At some point, holders of Treasury securities are going to recognize that these unfunded liabilities are going to affect the fiscal capabilities of the government and then you&#8217;re going to have the same situation that happened in Greece happening in the U.S.,&#8221; says Jeffrey Rogers Hummel, who is a professor of economics at San Jose State University and the author of a recent paper on the consequences of a U.S. government default. &#8220;In the short run it&#8217;s going to be painful, but in the long run it&#8217;ll be a good thing.&#8221;<\/p>\n<p><em>Reason<\/em>&#8216;s Nick Gillespie sat down with Hummel at FreedomFest 2012 for a wide-ranging discussion on monetary policy, business cycle theory, the longevity of the welfare state, and why libertarians who rail against the Fed are like &#8220;generals fighting the last war.&#8221;<\/p>\n<p>Held each July in Las Vegas, FreedomFest is attended by around 2,000 limited-government enthusiasts and libertarians a year. <em>Reason TV<\/em> spoke with over two dozen speakers and attendees.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;At some point, holders of Treasury securities are going to recognize that these unfunded liabilities are going to affect the fiscal capabilities of the government and then you&#8217;re going to have the same situation that happened in Greece happening in the U.S.,&#8221; says Jeffrey Rogers Hummel, who is a professor of economics at San Jose [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[25,84,13],"tags":[436,71,563],"class_list":["post-18766","post","type-post","status-publish","format-standard","hentry","category-economics","category-government","category-usa","tag-banking","tag-debt","tag-money"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-4SG","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/18766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=18766"}],"version-history":[{"count":1,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/18766\/revisions"}],"predecessor-version":[{"id":18767,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/18766\/revisions\/18767"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=18766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=18766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=18766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}