Usury, Debt, and the Collapse of the Middle Class — Dr. E. Michael Jones Interview

In this episode of Logos & Markets, Professor Drew Blazsik interviews Dr. E. Michael Jones on his landmark book Baron Metal: A History of Capitalism as the Conflict Between Labor and Usury. We discuss the true nature of capitalism, why Jones defines it as state-sponsored usury, and how modern debt-based economics has hollowed out the American middle class. From the 1973 wage stagnation, abortion and population decline, to the explosion of consumer debt, Jones explains the mechanisms that transferred wealth upward over the last 50 years. We also talk about the moral dimension of personal finance for Catholics: • When is debt sinful? • How should Catholics prepare financially? • Why car loans are “the worst form of debt” • What it means to “invest in labor” rather than fall into usury Dr. Jones closes with a call for social renewal: eliminating usury from the economy and restoring economic structures that support families, wages, and human flourishing. If you found this episode helpful, please like, share, and subscribe. Questions? Drop them in the comments. Logos & Markets — Catholic economics, financial modeling, and honest conversations about the monetary order. 📚 Guest: Dr. E. Michael Jones 📘 Baron Metal – https://culturewars.com 🎙️ Host: Professor Drew Blazsik 🔗 YouTube:    / @drewblazsik   🔗 LinkedIn:   / drewblazsik