The economy’s “booming,” but why does it feel like you're getting poorer? Economist Thomas DiLorenzo joins The Rice Report to expose how central banking, fake prosperity, and destructive policies are crushing the American people—while politicians and elites get rich. 💡 What You’ll Learn in This Video: ✅ Why the Federal Reserve is the root of inflation & boom-bust cycles ✅ How tariffs and central planning hurt the economy ✅ The truth about GDP, housing, and government spending ✅ Why Austrian economics is the ONLY way out ✅ What real prosperity looks like—and how to get it back 💬 Comment below: Do you think this economy is real or just smoke and mirrors? 🔔 Subscribe for more truth about money, markets & power. Timestamps: 00:00 - Intro: Austrian vs. Keynesian Economics 01:12 - What Is Keynesian Economics? 03:33 - Government Spending & the Great Depression 05:17 - Austrian Economics Explained 07:09 - Why Production is Greater Than Consumption 08:52 - The Role of Capital, Savings & Investment 10:27 - Central Banks: Austrian vs. Keynesian Views 12:28 - Interest Rates & Central Planning 14:00 - Tariffs, Trade, and Trump's Trade Policy 16:35 - Tariffs as Taxes: Impact on Consumers 18:54 - Are Tariffs Good for Domestic Production? 20:49 - NAFTA, Free Trade & Trade Deficits 22:41 - Misconceptions About Trade Imbalances 24:01 - GDP Measurement Problems 25:45 - Housing Costs & Inflation 27:11 - Overregulation in Housing & Building 28:49 - Keynesian Failure in Disaster Recovery 30:20 - Fixing the Economy: The Austrian Blueprint 32:27 - Deregulation & Tax Cuts as Economic Catalysts 34:03 - Abolishing the Fed & Monetary Reform 35:10 - Promoting Austrian Economics: Mises Institute 36:25 - Final Thoughts on Tariffs & Central Banks 38:07 - Who Defends the Fed and Why? 39:34 - Fed Propaganda & PhD Economists 41:10 - Greenspan, the Maestro & the 2008 Crash 43:10 - Call to Action: Learn Austrian Economics