An Austrian Perspective vs the Financial Mainstream
This episode of Good Money with Tho Bishop features guest Ryan Griggs of Griggs Capital Strategies.
This episode of Good Money with Tho Bishop features guest Ryan Griggs of Griggs Capital Strategies.
As government regularly intervenes in economic and financial markets, both continue to deteriorate. We must understand the kind of damage government causes.
By any conventional measures of finance, the Federal Reserve has negative equity. In the long run, cooking the books only puts off the day of reckoning.
Mark explains why the market for existing homes has been diverging from the market for new houses.
We are familiar with the five stages of grief. However, it is not a stretch to apply those stages to what is happening to the banking system. Right now, we are in the second stage: anger.
The government and its central bank act precisely as would a grand counterfeiter, with very similar social and economic effects.
The most popular measure of economic growth is GDP. However, GDP movement is driven by changes in the money supply, not real economic factors.
Austrian business cycle theory points out that easy money leads to malinvestments. Once easy money disappears, the crash begins. Time to clean up malinvested assets.
While the Fed and the Biden administration try to assure Americans that their banks are safe and secure, the numbers tell a different story.
Dr. Paul Cwik joins Bob to discuss the inverted yield curve's "signal" of an impending recession.