The Fed

We’re in a terminal debt spiral. The only question is how long it will last until the patient succumbs.

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

As a follow-up to his discussion on MMT with Rohan Grey, Bob goes solo to explain the basic cash balance framework for thinking about money, inflation, and debt.

Kodak's newly announced $765 million loan is just another case of DC picking winners and losers.

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

According to Keynesians, wealth effects result from money creation, and they have a beneficial impact. The Keynesians are right that wealth effects exist. But they're wrong about who benefits.

In a very comprehensive discussion, Bob talks with Rohan Grey, Assistant Prof. of Law at Willamette University. Rohan is an expert on the history of US fiscal and monetary legislation, as well as Modern Monetary Theory (MMT).

Presented at Mises University 2020.

Bob wrote a lengthy review of Stephanie Kelton's new book on MMT, The Deficit Myth, for the Mises Institute. In this episode he narrates his review.

The largest fiscal and monetary support plan since WW II has been instigated with two dangerous collateral effects: the rise of zombie companies and the collapse of small businesses and startups.