An important podcast on shadow money & the boom and bust cycle

I recently came across a terrific Bloomberg On The Economy podcast with James Sweeney and Carl Lantz on “shadow money” — assets which are used as the equivalent of money during the snowball of the asset bubble / artificial boom.

The problem Sweeney and Lantz identify is that the stock of money expands and contracts . . . → Read More: An important podcast on shadow money & the boom and bust cycle

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So long as men are not omniscient, the only way in which freedom can be given to the individual is such general rules to delimit the sphere in which the decision is his. — F. A. Hayek

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