20. The Economics of Housing Bubbles
From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".
From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".
From Section 2: "And How Austrian Economists Predicted Every Major Economic Crisis of the Last 100 Years".
In order to confuse matters, much of the true debt incurred by the federal government each year is simply declared to not be part of the deficit.
Why do central banks still hold so much gold if it's not money? Ronald Stöferle and Jeff Deist discuss why.
It's important to remember that the government can engage in credit expansion through many ways other than directly inflating the money supply.
The standard reply of the Fed and its partisans is that any such measures, however marginal, would encroach on the Fed's independence from politics.
The goal should not be to make quick daily decisions that look like market data — it should be to make correct decisions that are market data.
Jeff Deist and Daniel Lacalle discuss what rising interest rates will mean, and why academics and bankers are so clueless about the monetary side of financial markets.
A fall in prices is the manifestation of real wealth expansion. General price inflation, on the other hand, results from monetary pumping.