Libertarian author Vox day expounds on the coming Depression

In an interview format with Ilana Mercer, Vox Day paints a frightening picture of our economic future.

Here's the punchline:

Government can’t fix what government has broken. All of the desperate attempts to “fix” the global economy according to Neo-Keynesian and Monetarist principles are going to fail, state, local, and even national governments are going to default on their debts, and it’s going to be a very difficult road ahead for the next two decades. There will probably be a major war or two as well, as usually happens in times of large-scale economic contraction. But it is a second Great Depression, it’s not the Ragnarok. This isn’t a Democratic problem or a Republican problem and although the politicians will do their best to take partisan advantage of the situation, it is a structural crisis that cannot end until the structure collapses and is replaced with a more economically realistic one. Needless to say ownership—self-ownership, property ownership—will not fare well.

This is a two-part interview. Here's Part I, and here's Part II. I sincerely hope you take the time to read this thoughtfully.