The Power Hungry Podcast: Peter St. Onge

Peter St. Onge, an economist at the Heritage Foundation, has become something of a phenom on TikTok, where he has 96,000 followers. In this episode, St. Onge explains why he expects a severe global recession in the coming months, why he’s bullish on gold and Bitcoin, why the “alt-energy agenda” will be “crippling” for Western economies, why the Constitution is America’s “superpower” and why despite the many challenges ahead, he remains bullish on the United States. (Recorded June 26, 2023.)
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[@user-wn2xs2qb1m]

Love the recommendation of Saifedean Ammous - think Bryce could learn a lot from him.

[@chapter4travels]

I'm 61 and just wondering if I can run out the clock with my retirement and social security. If I was 18, I would seriously look into illegal enterprises for my future. Anything legal will be destroyed by the government.

[@chrisruss9861]

Permission money is a good term for CBDCs.

[@chapter4travels]

Invest in physical gold, ok, how do you buy a cheeseburger or fill your tank with gas with physical gold? If Bitcoin is a proxy for gold, the same question?

[@mustavogaia2655]

The easiest way to believe in bitcoin is not to make too many questions. Otherwise. one can realize is as flawed, if not more, than fiat.

[@user-wn2xs2qb1m]

Don't invest all of your money in hard assets like physical gold or bitcoin, only invest the money you want to save for the future and don't need to spend next month to buy cheeseburgers and gas. Bitcoin and Gold are for long term savings, because they have finite supplies, they can't be debased by money printing like the dollars you use to buy cheeseburgers and gas.

[@astroNexx]

@@mustavogaia2655 I've been questioning bitcoin for 2 years straight and it keeps giving pristine answers.

[@CorwinYoutube]

​@@mustavogaia2655You have clearly not done your homework.

[@TK-ek5kp]

Good discussion. It's unfortunate that Republicans offer candidates interested in limiting individuals' rights (like abortion) and Democrats are fiscally irresponsible. The two party system seems to be the problem. Out of 300+million people, we get shitty choices representative of the largest generation (babyboomers).

[@alexdetrojan4534]

I wonder if Peter is aware of the federal govts unfunded liabilities? Last time I checked it was around $100,000,000,000,000(that's 100 trillion). No country can come back from that, we're done...

[@willgo7898]

Concerns about conservative think tankers who throw shade on public institutions like schools and public policy dealing w/ social support. Would have liked to have him quizzed on climate change, at risk world populations for food shortage and adequate clean water, and population control.

[@dmo7815]

The Department of Education is administered by the United States Secretary of Education. It has 4,400 employees - the smallest staff of the Cabinet agencies[5] - and an annual budget of $68 billion.[6] The President's 2023 Budget request is for 88.3 billion, Give this money to the State Department of Education.