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Info on Podcast #47

One on one with Ravi Batra.  Professor Batra of SMU is the controversial economist who accurately predicted the fall of the Shah, the breakup of the Soviet Union, and the 2008 real estate bubble.  He explains how his forecasts are based on the “law of social cycles” and predicts the imminent fall of American capitalism, as detailed in his book “The New Golden Age: The Coming Revolution Against Political Corruption and Economic Chaos”.  Batra offers wide ranging comments on the bailouts for Wall St. and Detroit, takes some cracks at Paul Krugman and other economists, and explains why he is one of the few economists who sees poverty as a scourge and working people as assets, not liabilities.  Listener Jerry Taylor requested this interview, and we feature our first listener call on a podcast.