Boom Bust Season 1 Episode 93 David Beckworth: No Robust US Economy in 2014 and Patrick Byrne Talks Bitcoin

David Beckworth, a monetary economist, joins Boom Bust to discuss his outlook for the US economy in 2014. Beckworth doesn't see a robust economy in the cards for the US due to a lack of aggregate demand, and he believes the government should focus on boosting spending. He also discusses the Federal Reserve's policy of quantitative easing and how it has impacted the economy.

In the second half of the episode, Patrick Byrne, the CEO of Overstock.com, talks about his company's decision to start accepting bitcoin as a payment method. Byrne discusses the benefits and challenges of using bitcoin as a currency and his belief that it will become a significant force in the global economy. He also discusses the regulatory challenges facing the cryptocurrency industry and the need for clearer regulations to help it grow.

Overall, the episode provides insight into the state of the US economy and the potential for cryptocurrency to revolutionize the global financial system.