Forget Vegas sports betting for reckless speculation. When the Fed officials make projections, the markets assume they are accurate. However, as Jerome Powell himself admits, forecasts are speculative at best.
Sponsored by Thomas and Lisa Dierl.
Monetary authorities and monetary economists try to define money without understanding what money really is: a medium of exchange.
Sponsored by Dan Johnson and Randee Laskewitz.
Because Federal Reserve policies distort the economy and create perverse incentives, Disney also must deal with intellectual property issues. The combination of the two will ruin the Snow White story.
Jonathan Newman rejoins Bob to explore more of the mechanics and political implications of the Fed's current state of insolvency.
No matter the situation, bank CEOs believe that the Big Score is just around the corner. Then reality hits.
