View the full episode at https://Mises.org/LP1 Liberty vs. Power is a history podcast dedicated to what Murray Rothbard saw as the noble task of libertarians: "to de-bamboozle: to penetrate the fog of lies and deception of the State and its Court Intellectuals." Featuring Dr. Patrick Newman and Tho Bishop, each episode is dedicated to exposing the cronyism that has fueled the growth of the American empire, and celebrating those precious victories in defense of liberty. To Subscribe to the "Liberty vs. Power Podcast" on your favorite platform, visit https://Mises.org/LvP Music: "Army of Soldiers" by The Brought Low is licensed under a Attribution-NonCommercial-NoDerivatives 3.0 International License. ... https://www.youtube.com/watch?v=Hmdag-dM9qg

Central banks — and central bankers — are in uncharted waters. They don't know how to create economic growth, they don't know how to fight the great bogeyman of deflation, and they don't know how — or if — they'll ever be able to return to a time of "normal" monetary policy. Their pretense of knowledge, of being able to effectively control currencies used by billions of people, is coming to an end. But it's not just an academic issue — all of us are affected by the possibility of negative interest rates, prohibitions on cash, and bank bail-ins. Will you be able to get cash out of your bank or money market account if the economy suffers another crash like 2008? Will governments force us into cashless, digital-only payment systems, tracking our every purchase and creating black markets in the process? Will you have to pay your bank, in the form of negative interest rates, for the privilege of holding your money? And will your deposits take a haircut if your bank suffers losses from its bad loans? Jeff joins Jay Taylor on his radio show to discuss how both central banks and commercial banks are poised to change your life in some very unpleasant ways. ... https://www.youtube.com/watch?v=jKKDvN2HLbQ