[256] Bryan Caplan on immigration and open borders and Raoul Pal on innovation in finance
Our lead story: As oil prices fell to near multi-year lows on Monday, the global excess of oil continues to weigh on the market. The price of crude has fallen more than 45% since the summer and even though demand has remained fairly moderate, oil producers from Saudi Arabia to the US have increased production. And now some of the nation’s top oil-producing states – including Texas, North Dakota, Alaska, Oklahoma, and New Mexico – are showing early signs of fatigue as a result of these plunging prices. Erin weighs in .
Then, Erin sits down with Bryan Caplan – professor of economics at George Mason University and blogger at EconLog. Bryan talks to us about President Obama’s recent executive action on immigration and gives us his take on how it can further global economic development.
After the break, Erin is joined by Raoul Pal – founder of Real Vision TV and Global Macro Investor. Raoul tells us how the Internet will enhance innovation in finance in a positive way and gives us his view on peer-to-peer models like Bitcoin and Lending Club.
And in The Big Deal, Erin and RT correspondent Ameera David are talking about consumer debt. Take a look!
Check us out on Facebook:
http://www.facebook.com/BoomBustRT...
https://www.youtube.com/watch?v=DthTM875row