The John Batchelor Show

Sunday 2 September 2012

Air Date: 
September 02, 2012

 

JOHN BATCHELOR SHOW

Sunday  905PM Eastern (605P Pacific): Republic, Lost: How Money Corrupts Congress--and a Plan to Stop It by Lawrence Lessig; 1 of 2

Sunday 920PM Eastern (620P Pacific): Republic, Lost: How Money Corrupts Congress--and a Plan to Stop It by Lawrence Lessig; 2 of 2

The National Recovery Administration (NRA) was one of a constellation of federal agencies that made up President Franklin D. Roosevelt’s New Deal program to help Americans recover from the Great Depression. Established in 1933 in an effort to spur industrial recovery, the NRA sought to use government power to restrain competition and end the downward cycle of wage cuts and price reductions, without abolishing the free market. The administration asked businesses, labor, and consumers to help write new codes for hour limits, minimum wages, and production standards. To encourage voluntary adoption of these new codes, participating businesses were allowed to display a blue eagle logo, and consumers were urged to spend money only where the symbol was displayed. This photograph captures three unlikely spots for the display of the otherwise ubiquitous NRA eagle.

Sunday 935PM Eastern (635P Pacific): Currency Wars: The Making of the Next Global Crisis by James Rickards; 1 of 2

Sunday 950PM Eastern (650P Pacific): Currency Wars: The Making of the Next Global Crisis by James Rickards; 2 of 2

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In driving down long-term interest rates by flooding the market with freshly printed currency, quantitative easing, Rickards says, is a combative attempt to boost US exports by weakening the dollar while undermining the competitiveness of China and other US trading partners.

As he argues in his new book, Currency Wars: The Making of the Next Global Crisis, QE is an "exercise in deception" that offers little chance of promoting long-term economic recovery. Worse, it has left the dollar highly vulnerable to speculation and, ultimately, a cataclysmic crash.

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Sunday 1005PM EDT (705P Pacific): The New Deal: A Modern History, by Michael Hiltzik; 1 of 4

Sunday 1020PM EDT (720P Pacific): The New Deal: A Modern History, by Michael Hiltzik; 2 of 4

Neil Armstrong on the moon, Apollo 11, July 1969.

Sunday 1035PM EDT (735P Pacific): The New Deal: A Modern History, by Michael Hiltzik; 3 of 4

Sunday 1050PM EDT (750P Pacific): The New Deal: A Modern History, by Michael Hiltzik; 4 of 4

Sunday 1105PM EDT (805P Pacific): ): Lost Decades: The Making of America's Debt Crisis and the Long Recovery by Menzie D. Chinn and Jeffry A. Frieden; 1 of 2

Sunday 1120PM EDT (820P Pacific): ): Lost Decades: The Making of America's Debt Crisis and the Long Recovery by Menzie D. Chinn and Jeffry A. Frieden; 2 of 2

Sunday 1135PM EDT (835P Pacific): The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank; 1 of 2

Sunday 1150PM EDT (850P Pacific):  The Darwin Economy: Liberty, Competition, and the Common Good by Robert H. Frank; 2 of 2

Sunday/Mon 1205AM EDT (905 Pacific): Against Thrift: Why Consumer Culture is Good for the Economy, the Environment, and Your Soul by James Livingston; 1 of 2

Sunday/Mon 1220AM EDT (920 Pacific): Against Thrift: Why Consumer Culture is Good for the Economy, the Environment, and Your Soul by James Livingston; 2 of 2

Sunday/Mon 1235AM EDT (935P Pacific): Republic, Lost: How Money Corrupts Congress--and a Plan to Stop It by Lawrence Lessig; 1 of 2

Sunday/Mon 1250AM EDT (950P Pacific): Republic, Lost: How Money Corrupts Congress--and a Plan to Stop It by Lawrence Lessig; 2 of 2

Bethlehem peasants, Ottoman Empire, 1900.