Episode #7
Interview with Dr. Shawn Ritenour on Why Some Countries are Prosperous
03.13.2023
Drew Interviews Dr. Shawn Ritenour, professor of economics at Grove City College, about his new book the “Economics of Prosperity.” Dr. Ritenour tackles the question of why some countries are rich and others are poor. He explores some of the shortcomings of modern macroeconomics, how the discipline of economics has been hijacked by scientism and mathematical modeling, and why it is difficult to quantify human behavior. Drew and Shawn take aim at the assumption that the Fed is responsible for holding up the economy. They also touch on the Federal Reserve’s unprecedented expansion of the money supply in circulation and the possibility of malinvestments and market bubbles.
