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Why America Should Default and You Should Live Abroad: Q&A with Doug Casey

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Published on Feb 12, 2013

"I recommend defaulting on the debt for several reasons," explains New York Times' best-selling author, investment strategist, and libertarian commentator Doug Casey. "Perhaps the best one is that I don't think it's correct to make the next several generations of Americans indentured servants"

His new book, Totally Incorrect, is a collection of conversations with Louis James that explore the ways in which government policy and centralized power threaten cultural and economic progress. In a series of engaging and wide-ranging dialogues, Casey and James talk about everything from the Great Depression to drug use to the Roman Empire.

Reason TV's Nick Gillespie sat down with Casey to discuss why America should default on its debt, why he spends most of his time in Argentina these days, and the importance of self-reliance and free-market principles.

About 6 minutes.

Produced by Joshua Swain with help from Amanda Winkler.

Go to http://www.reason.tv for downloadable versions and subscribe to ReasonTV's YouTube Channel to receive notification when new material goes live.

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Top Comments

  • DrMayte

    DrMayte 2 months ago

    Casey is so funny. He prefers Argentinian politicians because they are just thieves but here they are control freaks. Haha. Lol.

    · 17

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  • Donnievil

    Donnievil 3 months ago

    Needs to watch some Peter Robinson at Hoover institution.

    · 6

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    in reply to think outside the box (Show the comment)

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  • drmodestoesq

    drmodestoesq 9 hours ago

    This idiot predicted a Romney win...Wrong. This idiot said to buy gold because the price would skyrocket due to inflation.....Wrong. This idiot is just a ideological entertainer. Act on his advice and prognostications at your peril.

    ·

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  • Cannibis Sativa

    Cannibis Sativa 11 hours ago

    I'm with you on this. Screw them they took a risk when they lent the money out. We have all lost money this way they should be no different.

    ·

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  • Jim Kane

    Jim Kane 1 week ago

    Great interview

    ·

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  • Bruce Wayne

    Bruce Wayne 2 weeks ago

    Casey for Presidente!!!

    ·

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  • Thomas Madison

    Thomas Madison 2 weeks ago

    Australia is becoming a socialist surveillance state like America. Doug doesn't live in the city, in Argentina he lives on the frontier, with a lot of other Libertarians. They have a place called Galt's Gulch(like in Ayn Rand's Atlas Shrugged) It's like 200-300k for a lot of land. Skip it and find your own bit of shade.

    ·

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    in reply to Ronaldo Rocha (Show the comment)
  • Ronaldo Rocha

    Ronaldo Rocha 3 weeks ago

    Thanks for the tip.

    ·

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    in reply to BIGGER THINKER (Show the comment)
  • BIGGER THINKER

    BIGGER THINKER 3 weeks ago

    australia is USA-lite - huge wealth inequality and set to get worse. Dont go there!

    ·

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    in reply to Ronaldo Rocha (Show the comment)
  • HoezNjuice

    HoezNjuice 3 weeks ago

    Eh.. Seems to be avoiding answer questions fully.  He is apart of the problem

    ·

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