George Selgin, Kyle Harrington on deflation & the US economy
Erin Ade reports how, even in the internet age, NBC thinks it can re-broadcast the Sochi Winter Olympics opening ceremony 10 hours late, with commercial breaks, and not expect a backlash. But there has been one. Then, underneath the rosy picture is a US economy lacking in wage growth and job creation. Financial markets pundit Kyle Harrington joins us to discuss. Later, monetary and banking economist George Selgin discusses price and debt deflation. Wrapping up our deflation them, in today's Big Deal, Erin and Edward Harrison discuss recent events surrounding bitcoin - from a clampdown in Russia to a serious payments problem at Mt. Gox, one of the best-known exchanges. These events have seen the crypto-currency fall precipitously in value.
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