The Human Action Podcast

Home | Mises Library | Dr. Lucas Engelhardt on Why the Fed Should Scare Us

Dr. Lucas Engelhardt on Why the Fed Should Scare Us

  • Lucas Engelhardt on Mises Weekends

Tags The FedMoney and BanksStrategy

12/01/2017Lucas M. EngelhardtJeff Deist

Professor Lucas Engelhardt, a popular lecturer at Mises University, joins Jeff Deist to discuss the monetary policy landscape. Janet Yellen makes jokes about $20 trillion in federal debt, but what about the trillions the Fed added to its own balance sheet since the Crash of '08? What will happen to the extraordinary amount of bank reserves parked in no-man's land, not being lent by banks? Can Mises's work help us understand what happens when the supply of money increases much faster than demand for it? How does new money and credit flow into the economy unevenly, benefiting those closest to the government and central bank troughs? And is there an ugly endgame scenario, where rapid asset price inflation (i.e. equity and real estate markets) devolves into rapid consumer price inflation?

Dr. Lucas Engelhardt on Why the Fed Should Scare Us

Note: The views expressed on are not necessarily those of the Mises Institute.

Contact Lucas M. Engelhardt

Lucas M. Engelhardt is an associate professor of Economics at Kent State University's Stark Campus. His work is in macroeconomics, primarily in examining how various assumptions about capital affect business cycle models.

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; twitter.

Image source:
Mises Institute
When commenting, please post a concise, civil, and informative comment. Full comment policy here
Shield icon view