This talk was delivered on Sept. 3, 2022, at the Ron Paul Institute conference in northern Virginia.
I. Introduction
Remember the quaint old days of 2019? We were told the U.S. economy was in great shape. Inflation was low, jobs were plentiful, GDP was growing. And frankly, if COVID had not come along, there is a pretty good chance Donald Trump would have been reelected.
At an event in 2019, my friend and economist Dr. Bob Murphy said something very interesting about the political schism in this country. He said: If you think America is divided now, what would things look like if the economy was terrible, if we had another crash like 2008?…