 Dr. Lou Rockwell, chairman of the Ludwig Mundt Mrs. Institute, which defends the free market. Hi there, good evening. What's it to be, default or a last minute salvation here? What do you think? Well, I wouldn't call it a salvation, Kevin, but I think there probably will be a last minute deal. I'd like to see a default. It's the only way we're ever going to get a balanced budget that forces the government to live on its income and stop borrowing. It's far too much borrowing by the American government. Really everybody in American society is too much in debt. We need less debt, and if we want less debt, the only way we'll ever get these birds to do it in Washington is just don't raise the debt ceiling. Well, I'm sure many people agree with you, but the knock-on implications would be at renderswood. Not only in America, but in the rest of the world, too, if that happened. No, it'd be wonderful, the idea that the whole world is sustained by growing American debt, that it has to be more and more borrowing in order to make everybody prosperous. It doesn't work, by the way. Unemployment rates are horrific rates all over the Western world. None of us feel comfortable economically. We're all worried about the future. The government is harming us. So the idea that less government is somehow harmful, it's just the reverse. This is, of course, Keynesianism, that we have to have more government, more spending, more debt perpetually, and that'll make us all wealthy. No, it doesn't. It helps the banksters. It helps the government. It helps the military-industrial complex, and all the big companies associated with the government. It hurts regular people. So we want an end to the debt, and we want much less spending. I'd like an end to the spending, but unfortunately, that's not going to come. But there's a slight chance that we might see an end to the debt. Come 48 hours, if there is no agreement, central banks are making contingency plans around the world to try and shore themselves up. Could they actually protect against the worst of the fallout here, if it does happen? Well, first of all, the government does a huge amount of spending that's so-called off-budget. It's not part of the budget, so it's not affected by a lot of these alleged restrictions. That goes on, and of course, why do they need to tax anybody? Why do they need to borrow the money? Why doesn't Ben Bernanke just print it all? I mean, we're told that this is wonderful for us, quantitative easing. Why don't they quintuple quantitative easing, and just handle everything that way? So you can't believe anything they say. It's a good, you know, it's the old British saying, never believe anything until it's been officially denied. I think that's, I don't think we should believe the Republicans or the Democrats. They don't have the people's best interests at heart. They only have themselves and the special interests. Lou, while you're on the line, it seems to me, when the economic crisis was raging in the Eurozone, Obama and Congress both had a lot to say on the matter. We've got a clip from Obama from a couple of years ago. Let's take a quick listen. We're going through a financial crisis that is scaring the world. And they're trying to take responsible actions, but those actions haven't been quite as quick as they need to be. The biggest headwind the American economy is facing right now is uncertainty about Europe, because it's affecting global markets. Well, on the shoes now, back on the other foot. Why should he be taking a bit more of his own advice there, begs the question, no Lou? Well, it's always somebody else's fault, right? It's not his fault. It's not the American government's fault. It's, you know, those guys in Europe. So the nation that's fundamentally at fault for the trouble in the world is the U.S. government. It's got the biggest economy. It's got the biggest debt, the biggest spending, the biggest military, all the wars it's waging. If they really are worried about, you know, they don't have enough money, why don't they shut down the NSA and stop spying on everybody? Why don't they bring the troops on from Afghanistan and Iraq and Yemen and Pakistan and all the rest of these places, stop killing people? That would save a quadrillion dollars. That would solve all the budget problems. That's my advice to Mr. Obama. I'm sure there's a lot of people out there that would say what you say makes perfect sense. They're a little rockwell. Thank you for your time, Chairman of the Little Big von Misses Institute. Appreciate it. Thank you, Kevin.