The Backstory

The Definition of an 'Economic Recession' Depends on Who Occupies the White House

On today’s episode of The Backstory, host Lee Stranahan discussed current events including Russia quitting the International Space Station after 2024, and President Biden considering a student loan payment pause.
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Professor Richard Werner - Economist, Professor, and Author | COVID-19 Restrictions Creeping Back, The Ways People are Easily Manipulated, and Central Banks
Mark Frost - Economist, Professor, Consultant, and Libertarian | Communists Error on Capitalism, Selfishness, and Free Market Economies
In the first hour, Lee and Jason Goodman spoke with Professor Richard Werner about the disruption of food supplies, monetary policies of central banks, and the confusion about the economy. Professor Werner spoke about the interest rates raised and the different unemployment figures data sheets. Professor Werner spoke about the attacks on farming and the media suppression of certain economic news.
In the second hour, Lee and Jason Goodman spoke with Mark Frost about Karl Marx, the bureaucracy of government, and the problems within a free market. Market explained how Karl Marx saw the nature of exploitation and the selfishness in capitalism. Mark talked about socialized medicine and how doctors are demonized for their salary.
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