Jason Burack of Wall St for Main St interviewed Austrian School Economist and author Richard Ebeling. Richard is currently the BB&T Distinguished Professor of Ethics and Free Enterprise Leadership at The Citadel in Charleston, South Carolina. Richard's full bio can be found here: http://en.wikipedia.org/wiki/Richard_Ebeling Richard's weekly articles can be found here: http://www.epictimes.com/richardebeling/ He also writes Austrian School of Economics books and occasionally writes for the Mises Institute. During this 30+ minute interview, Jason asks Richard to explain the differences between the 3 major schools of economics: Keynesian, Monetarist and Austrian School of Economics. Richard goes in depth and into great detail on the origins and core philosophies of all 3 major schools of economic thought. Next, Jason asks Richard about Keynesian Economics and how well it ties into central planning. Richard talks about how the Neo Keynesians like Paul Krugman have probably taken Keynes' ideas to a lot further extremes than Keynes might have intended when he wrote the General Theory. Jason and Richard discuss how there is no free market if the Federal Reserve and other central banks manipulate the cost of money by manipulating interest rates. Allowing the free market to set/regulate/coordinate interest rates is a key for signaling market participants when to save, when to invest and when to consume and this is no longer happening the way it should. Jason and Richard discuss Keynesian central banker induced credit bubbles and how many more credit bubbles are likely to come. To wrap up the interview, Jason asks Richard if Von Mises, Hayek and Rothbard were still alive would they be surprised that hyperinflation and a currency crisis have not occurred yet and Jason also asks Richard for his favorite Austrian School of Economics books to read to learn more about Austrian Economics and the Austrian Theory of the Business Cycle (Boom/Bust). Please visit the Wall St for Main St website here http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Mo Dawoud on Twitter @m0dawoud Follow John Manfreda on Twitter @JohnManfreda Follow Wall St for Main St on Twitter @WallStforMainSt Also, please take 5 minutes to leave Wall St For Main St a good iTunes review here! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 --------------------------------------------------------------------------------------- FINANCE AND LIBERTY: SUBSCRIBE (It's FREE!) for more ►http://bit.ly/Subscription-Link Website ►http://FinanceAndLiberty.com Like us on Facebook ►http://fb.com/FinanceAndLiberty Follow us on Twitter ►http://twitter.com/Finance_Liberty Google Plus ►http://Gplus.to/FinanceLiberty