Booms and Busts

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. 

Do Austrian theories also apply to financial markets?

The price of copper has hit an all-time high. This represents a signal about the world economy.

As the US economy falters and people continue to fall behind, the Austrian business cycle theory provides the best explanation for what is happening, even if the elites don't want to hear it.

Most people have heard about statistics or polls that report on the state of the American consumer and something called “consumer confidence,” but