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Ian Gordon and Larry Parks join your host to discuss a dispute raging among Austrian leaning economists who agree that the global economy is on a path toward disaster. The main issue for investors is how this global economic pathology will be resolved. Gordon firmly believes not only stock prices, but prices of virtually all goods and services, will collapse more severely than during the 1930s. Parks disagrees. He believes we are inevitably heading toward a hyper-inflationary depression, the main threat to financial, economic and civil order. The deflation/inflation issue is more than academic
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