Public Debt Is Eating Global Growth: The Capital Formation Crisis | Richard W. Rahn

From Vienna, Barbara Kolm speaks with Dr. Richard Rahn, one of the most cited public intellectuals in the United States and head of the Center for Freedom and Prosperity. A former economic adviser in the Reagan and George H.W. Bush administrations and former chief economist at the U.S. Chamber of Commerce, Rahn joins the Free Market Road Show to discuss the economic costs of instability, the flight from high-tax states, the global debt problem, and a hard-asset alternative to fiat money. Topics include: Campus unrest and the importance of “following the money” behind organized disruptions Why state actors may fund instability — and why the consequences for universities can be severe The U.S. internal migration shift: New York/California → Florida/Texas The “policy mix” that attracts capital: no income tax, business-friendly regulation, credible courts Public debt and deficits: why debt-financed spending crowds out productive capital formation How global savings increasingly flow into U.S. government bonds — and what that means for growth worldwide Europe’s challenges: energy costs, regulation, and the political barriers to reform Sound money vs fiat money: why hard assets still matter The idea behind an aluminum-backed digital token (“aluminum coin”): aluminum as “bottled energy,” recyclability, and real-world utility Featuring: Barbara Kolm & Dr. Richard Rahn Location: Vienna | Free Market Road Show #FreeMarket #Economics #Debt #FiscalPolicy #SoundMoney #CapitalFormation #Regulation #TaxCompetition #EnergyPolicy #FMRS

Added 9 Apr 2026