Mon, 18 February 2019
When you read old -- and I mean old, like nineteenth century old -- American writers on money and banking, something jumps out at you: they understood things with a surprising clarity, and had a proto-Austrian conception of why the economy experienced boom-bust cycles. Suddenly it feels less lonely to believe that artificial credit creation leads to a boom that has to end in a bust. In this episode, therefore, I share some unknown American intellectual history.
Direct download: woods_2019_2_18.mp3
Category:general -- posted at: 8:00pm EDT