NPR Cross Currents with Scott Widmeyer
NPR Cross Currents with Scott Widmeyer
Scott Widmeyer
Leading Economist Blasts Top-Down Economy and FED Plans for Lower Interest Rates
24 minutes Posted Jul 28, 2019 at 11:01 pm.
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Macroeconomist David Smick has a lot to say about the US and global economy. First, the top-down Wall Street driven economy is leaving many behind and fueling cycle of hate and a feeling of humiliation among many Americans. He also points to his fear of a global currency war and is not supportive of FED lowering interest rates. He calls the debt created by this approach a "ticking time bomb.