Economic Status Report: AI and the Fed
Mark Thornton joins Ryan and Tho to discuss the current state of the economy and what to expect as we near the election.
Mark Thornton joins Ryan and Tho to discuss the current state of the economy and what to expect as we near the election.
Keynesian economists have no good explanation for stagflation, rising rates of both inflation and unemployment. However, the Austrian School has long pointed out that sustained inflation has a predictable pattern that leads ultimately to stagflation.
We are seeing Joseph Schumpeter's concept of creative destruction at work in higher education. The shake-up will continue.
The endless bubble economy has a new lending craze: loans backed by AI chips. The problem is that while the chips serve as collateral, companies right now cannot make enough revenue to cover their costs.
Economics researcher Joakim Book joins Bob to discuss his recent article on the dollar's international dominance.
Jonathan Newman returns to help Bob dissect a Twitter thread melting down about Rep. Massie's new bill to End the Fed.
Construction lending juggernaut Bank OZK made news when its shares fell 17% after Citigroup analyst Benjamin Gerlinger wrote in a report that
We are seeing Joseph Schumpeter's concept of creative destruction at work in higher education. The shake-up will continue.
Contrary to mainstream economists, credit expansion that is not backed by real savings leads ultimately to an economic downturn.